Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 10 - 06:55 AM

EUR/USD - ZEW Miss Adds EUR/USD Weight, Huge Support Draws Closer

By Richard Pace  —  Aug 10 - 05:39 AM
  • German ZEW econ sentiment survey posted big miss at 40.4 vs 56.7 (6.3 prior)

  • Adds weight to EUR/USD, which another new low since March 31 at 1.1722

  • Firm USD and diverging CB policy will keep pressure on EUR/USD for now

  • Focus huge support - March/2021 low/38.2% of 1.0636-1.2349 at 1.1704/1.1695

  • Break below could trip stops and fuel deeper decline

  • Wed's U.S. CPI is key data, dealers maybe reluctant to press too hard ahead

  • Related nL1N2PH09Z

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!