30 Aug 2013
EUR/NZD threatening the 1.70 weekly support
FXstreet.com (Barcelona) - The EUR/NZD foreign exchange cross rate is last trading at 1.7036 near session lows off early session highs barely above the 1.71 handle, suffering from recent massive Euro weakness.
EUR/NZD eases for the week but still strong year to date
The EUR/NZD cross is currently down -0.67% for the week so far, while still more than 7% higher year to date. The agenda for the London session ahead will be full of data Euro related starting with German retail sales at 06:00 GMT, after yesterday's upsetting unemployment rise, followed by Italian unemployment rate at 08:00 GMT, and EU CPI flash estimate at 09:00 GMT along with EU unemployment rate at the same hour.
EUR/NZD key technical levels
Immediate resistance to the upside for EUR/NZD shows at recent session highs 1.7105, followed by yesterday's highs at 1.7123, followed by August 05 highs 1.7158. To the downside, closest support lies at Monday's lows at 1.6996, followed by yesterday's weekly lows at 1.6963, and July 15 highs at 1.6841.
EUR/NZD eases for the week but still strong year to date
The EUR/NZD cross is currently down -0.67% for the week so far, while still more than 7% higher year to date. The agenda for the London session ahead will be full of data Euro related starting with German retail sales at 06:00 GMT, after yesterday's upsetting unemployment rise, followed by Italian unemployment rate at 08:00 GMT, and EU CPI flash estimate at 09:00 GMT along with EU unemployment rate at the same hour.
EUR/NZD key technical levels
Immediate resistance to the upside for EUR/NZD shows at recent session highs 1.7105, followed by yesterday's highs at 1.7123, followed by August 05 highs 1.7158. To the downside, closest support lies at Monday's lows at 1.6996, followed by yesterday's weekly lows at 1.6963, and July 15 highs at 1.6841.