Filed Under:
Forex pairs in this Article » EUR/USD (Edinburgh) - The bearish tone in the shared currency continues to drive the EUR/USD lower on Tuesday, prolonging its decline from Monday’s highs around 1.3380.

EUR/USD cautious ahead of German ZEW

The German ZEW Survey will be in the limelight during the European morning, with market forecasts expecting both the Economic Sentiment and the Current Situation to improve to 38.1 and 9.5 for the month of June, respectively. Market participants will also focus on the speech by ECB’s M.Drgahi.

EUR/USD levels to watch

At the moment, the pair is down 0.09% at 1.3354 with the next support at 1.3295 (low Jun.14) followed by 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12). On the upside, a break above 1.3390 (high Jun.13) would open the door to 1.3434 (high Feb.20) and then 1.3456 (high Feb.14).
comments powered by Disqus