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19 May 2015
EUR/USD below 1.1200 on ZEW
FXStreet (Edinburgh) - The offered tone remains unchanged around the single currency on Tuesday, with EUR/USD now hovering over 1.1185/90.
EUR/USD indifferent on ZEW, CPI
The pair keeps the range after the German ZEW Survey came in on a softer note, with both Current Situation and Economic Sentiment disappointing investors. In addition, Economic Sentiment in the euro area also missed estimates, adding to the gloomy results.
Further data saw the final CPI figures in the euro bloc matching their preliminary readings at 0.2% MoM and 0.0% on a yearly basis; the Core print came in at 0.6% on a year to April. The seasonally adjusted trade surplus shrunk to €19.7 billion during April from March’s €22.0 billion.
EUR/USD relevant levels
As of writing the pair is down 1.11% at 1.1189 with the next support at 1.1135 (21-d MA) ahead of 1.1131 (low May 11) and then 1.1106 (38.2% of 1.0521-1.1468). On the flip side, a break above of 1.1278 (38.2% of 1.1468-1.1160) would expose 1.1289 (10-d MA) and then 1.1328 (high May 19).
EUR/USD indifferent on ZEW, CPI
The pair keeps the range after the German ZEW Survey came in on a softer note, with both Current Situation and Economic Sentiment disappointing investors. In addition, Economic Sentiment in the euro area also missed estimates, adding to the gloomy results.
Further data saw the final CPI figures in the euro bloc matching their preliminary readings at 0.2% MoM and 0.0% on a yearly basis; the Core print came in at 0.6% on a year to April. The seasonally adjusted trade surplus shrunk to €19.7 billion during April from March’s €22.0 billion.
EUR/USD relevant levels
As of writing the pair is down 1.11% at 1.1189 with the next support at 1.1135 (21-d MA) ahead of 1.1131 (low May 11) and then 1.1106 (38.2% of 1.0521-1.1468). On the flip side, a break above of 1.1278 (38.2% of 1.1468-1.1160) would expose 1.1289 (10-d MA) and then 1.1328 (high May 19).