Forex: EUR/USD correcting back to 1.3345/50
Forex pairs in this Article »
EUR/USD
FXstreet.com (Barcelona) - The shared currency is back to the 1.3345/50 region after another failed attempt to follow through today's tops in the vicinity of 1.3370
Sentiment surrounding the euro was boosted after the Economic Sentiment in the euro zone and Germany, measured by the ZEW Survey, escalated to 31.2 and 31.6 respectively. The confirmation of lower yields in a Spanish short-term auction of Letras added to the upside
As of writing, the cross is advancing 0.21% at 1.3341
Next resistance levels line up at 1.3372 (high Jan.22) ahead of 1.3398 (high Jan.18) and then 1.3404 (high Jan.14).
On the flip side, a dip below 1.3267 (low Jan.22) would expose 1.3257 (low Jan.16) and finally 1.3248 (low Jan.11).
Sentiment surrounding the euro was boosted after the Economic Sentiment in the euro zone and Germany, measured by the ZEW Survey, escalated to 31.2 and 31.6 respectively. The confirmation of lower yields in a Spanish short-term auction of Letras added to the upside
As of writing, the cross is advancing 0.21% at 1.3341
Next resistance levels line up at 1.3372 (high Jan.22) ahead of 1.3398 (high Jan.18) and then 1.3404 (high Jan.14).
On the flip side, a dip below 1.3267 (low Jan.22) would expose 1.3257 (low Jan.16) and finally 1.3248 (low Jan.11).
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