16 Feb 2016
EUR/USD wobbles around 1.1160 post-European open
The single currency is alternating gains with losses on Tuesday, taking EUR/USD to the area of 1.1150/60 so far.
EUR/USD eyes on ZEW, oil
Spot is trading almost unchanged today following another auspicious European open, with equities firmly up against a backdrop of rallying oil prices and the upcoming ZEW Survey in Germany.
In addition, market participants remain vigilant on the press conference following the closed-door meeting between Venezuelan, Saudi, Russian and Qatar oil ministers in Doha, all amidst increasing hopes of an output cut.
EUR/USD levels to watch
The pair is now up 0.09% at 1.1165 with the next hurdle at 1.1378 (high Feb.11) ahead of 1.1460 (monthly high Sep.18) and then 1.1496 (monthly high Oct.15). On the flip side, a breach of 1.1084 (low Feb.8) would target 1.1078 (20-day sma) and finally 1.1026 (200-day sma).
EUR/USD eyes on ZEW, oil
Spot is trading almost unchanged today following another auspicious European open, with equities firmly up against a backdrop of rallying oil prices and the upcoming ZEW Survey in Germany.
In addition, market participants remain vigilant on the press conference following the closed-door meeting between Venezuelan, Saudi, Russian and Qatar oil ministers in Doha, all amidst increasing hopes of an output cut.
EUR/USD levels to watch
The pair is now up 0.09% at 1.1165 with the next hurdle at 1.1378 (high Feb.11) ahead of 1.1460 (monthly high Sep.18) and then 1.1496 (monthly high Oct.15). On the flip side, a breach of 1.1084 (low Feb.8) would target 1.1078 (20-day sma) and finally 1.1026 (200-day sma).