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May 11 - 06:55 AM

EUR/USD - Record ZEW Does Little For Already Elevated EUR/USD

By Jeremy Boulton  —  May 11 - 05:28 AM
  • ZEW rises to 84.4 in May far surpassing expectations

  • Highest ZEW for available data (2004)

  • EUR/USD 1.1260-69 EBS in reaction. Day's range 1.2123-69

  • Pair struggling to advance beyond top 20-day bollingers now 1.2177

  • Bulls may see opportunities near 1.2105 38.2% May 5-10 rise

  • Good chance EUR/USD starts June close to 1.1975 nL1N2MY0CW

  • The euro cannot shake off the weight of stimulus nL1N2MY0F8






ZEW Click here

EURUSD Click here

EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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