EUR/USD muted after EZ sentiment data

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The EUR/USD was not impressed by the Eurozone economic sentiment and consumer confidence figures and barely moved, clinging to the 1.3620 area, after the release.



Eurozone economic sentiment fell to 102.0 in June, missing the 103.0 expected, while consumer confidence dropped to -7.5 versus -6.7 forecasted. The EUR/USD however, remained immovable at 1.3620, where it is 0.08% above its opening price.



The euro has been pretty resilient to economic data lately, paying more attention to central banks moves, as neither the Fed nor the ECB have that a clear path ahead.



EUR/USD levels to watch



In terms of technical levels, the EUR/USD could find next resistances at 1.3650 (Jun 25 high), 1.3669 (200-day SMA) and 1.3668 (Jun 9 high). On the other hand, supports are seen at 1.3575 (Jun 26 & 23 lows),1.3563 (Jun 20 low) and 1.3540 (Jun 18 low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD in red near 1.0850

  2. Forex News

    EUR/USD sees downside risks – FXStreet

  3. Forex News

    EUR/USD softer on Greece

  4. Forex News

    More USD Downside Due in Days Ahead?

  5. Forex News

    EUR/USD drops to lows near 1.0820

Trading Center