15 Oct 2013
EUR/USD dips near 1.3520 on mixed ZEW
FXstreet.com (Edinburgh) -The selling interest around the shared currency is now intensifying on Tuesday, dragging the EUR/USD to fresh lows in sub-1.3530 levels.
EUR/USD weaker on ZEW
Mixed results from the German ZEW Survey showed that Economic Sentiment rose to 52.8 for the month of October and Current Situation dropped to 29.7 vs. forecasts at 49.6 and 31.0, respectively. In the same tone, EMU’s Economic Sentiment rose to 59.1, missing the median at 59.4. The release eclipsed the upbeat tone from the Spanish auction of 6m and 12m Letras, with yields last seen in 2010 at 0.672% and 0.961%, respectively. Spain’s Treasury sold €4.567 billion vs. €4.5 billion targeted.
EUR/USD key levels
At the moment the pair is losing 0.28% at 1.3523 and a breakdown of 1.3518 (low Oct.11) would open the door to1.3488 (low Oct.10). On the upside, the initial resistance lies at 1.3598 (high Oct.14) followed by 1.3605 (high Oct.9) and then 1.3631 (high Oct.4).
EUR/USD weaker on ZEW
Mixed results from the German ZEW Survey showed that Economic Sentiment rose to 52.8 for the month of October and Current Situation dropped to 29.7 vs. forecasts at 49.6 and 31.0, respectively. In the same tone, EMU’s Economic Sentiment rose to 59.1, missing the median at 59.4. The release eclipsed the upbeat tone from the Spanish auction of 6m and 12m Letras, with yields last seen in 2010 at 0.672% and 0.961%, respectively. Spain’s Treasury sold €4.567 billion vs. €4.5 billion targeted.
EUR/USD key levels
At the moment the pair is losing 0.28% at 1.3523 and a breakdown of 1.3518 (low Oct.11) would open the door to1.3488 (low Oct.10). On the upside, the initial resistance lies at 1.3598 (high Oct.14) followed by 1.3605 (high Oct.9) and then 1.3631 (high Oct.4).