Forex: EUR/USD eases to 1.3350
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EUR/USD
FXstreet.com (Barcelona) - After a sudden climb to fresh highs in the proximities of 1.3370 in the aftermath of the BoJ monetary policy meeting, the single currency is now back to the 1.3350 region
"The key data from Europe today will be the ZEW sentiment index which like the other sentiment reports due this week in Europe will probably highlight still weak economic conditions but some modest improvement from the worst levels in recent months", writes Derek Halpenny, European Head of Global Markets Research at BTMU.
The cross is now advancing 0.26% at 1.3347
Next resistance levels line up at 1.3398 (high Jan.18) followed by 1.3404 (high Jan.14) and 1.3487 (2012 high Feb.24).
On the flip side, a dip below 1.3340 (hourly low Jan.22) would bring 1.3280 (low Jan.18) and finally 1.3270 (low Jan.17).
"The key data from Europe today will be the ZEW sentiment index which like the other sentiment reports due this week in Europe will probably highlight still weak economic conditions but some modest improvement from the worst levels in recent months", writes Derek Halpenny, European Head of Global Markets Research at BTMU.
The cross is now advancing 0.26% at 1.3347
Next resistance levels line up at 1.3398 (high Jan.18) followed by 1.3404 (high Jan.14) and 1.3487 (2012 high Feb.24).
On the flip side, a dip below 1.3340 (hourly low Jan.22) would bring 1.3280 (low Jan.18) and finally 1.3270 (low Jan.17).
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