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19 Feb 2013
Forex: EUR/USD jumps above 1.3370 after ZEW
FXstreet.com (Barcelona) The bloc currency is printing fresh highs in the proximities of 1.3370/75 after the mixed results from the German ZEW Survey for the month of February: Economic Sentiment rose to 48.2 vs. 35.0 expected, while Current Situation came in at 5.2, below the median at 9.0
The EMU’s ZEW Survey – Economic Sentiment printed 42.4, bettering both expectations and prior reading at 35.5 and 31.2, respectively.
At the moment, the cross is up 0.10% at 1.3364 with the next hurdle at 1.3393 (high Feb.15) followed by 1.3415 (hourly high/low Feb14) and then 1.3423 (MA10d).
On the downside, a breach of 1.3307 (low Feb.15) would expose 1.3286 (low Jan.24) en route to 1.3276 (MA55d).
The EMU’s ZEW Survey – Economic Sentiment printed 42.4, bettering both expectations and prior reading at 35.5 and 31.2, respectively.
At the moment, the cross is up 0.10% at 1.3364 with the next hurdle at 1.3393 (high Feb.15) followed by 1.3415 (hourly high/low Feb14) and then 1.3423 (MA10d).
On the downside, a breach of 1.3307 (low Feb.15) would expose 1.3286 (low Jan.24) en route to 1.3276 (MA55d).