16 Jun 2015
EUR/USD dips to lows on German ZEW
FXStreet (Edinburgh) - The European currency has now returned to the red territory vs. the US dollar, relegating EUR/USD to session lows in the mid-1.1200s.
EUR/USD accelerates the downside post-ZEW
Spot is now intensifying the intraday decline after the ZEW Survey in Germany and the EMU disappointed investors: Economic Sentiment and Current Situation in the German economy dropped to 31.5 and 62.9 respectively, while EMU’s Economic Sentiment fell to 53.7 from 61.2.
In addition, the Employment Change in the euro area came in at 0.1% QoQ during the first quarter and 0.8% on a yearly basis.
EUR/USD relevant levels
As of writing the pair is losing 0.19% at 1.1261 and a break below 1.1249 (low Jun.16) would open the door to 1.1189 (low Jun.15) and then 1.1151 (low Jun.12). On the flip side, the immediate hurdle lines up at 1.1331 (high Jun.16) ahead of 1.1334 (high Jun.11) and finally 1.1387 (high Jun.10).
EUR/USD accelerates the downside post-ZEW
Spot is now intensifying the intraday decline after the ZEW Survey in Germany and the EMU disappointed investors: Economic Sentiment and Current Situation in the German economy dropped to 31.5 and 62.9 respectively, while EMU’s Economic Sentiment fell to 53.7 from 61.2.
In addition, the Employment Change in the euro area came in at 0.1% QoQ during the first quarter and 0.8% on a yearly basis.
EUR/USD relevant levels
As of writing the pair is losing 0.19% at 1.1261 and a break below 1.1249 (low Jun.16) would open the door to 1.1189 (low Jun.15) and then 1.1151 (low Jun.12). On the flip side, the immediate hurdle lines up at 1.1331 (high Jun.16) ahead of 1.1334 (high Jun.11) and finally 1.1387 (high Jun.10).