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18 Jun 2013
EUR/USD soars around 1.3400 post-ZEW
FXstreet.com (Edinburgh) - Mixed results from the German ZEW Survey in June lifted the EUR/USD to the boundaries of the critical resistance at 1.3400 on Tuesday.
EUR/USD keeps multi-month highs
The shared currency accelerated its intraday upside after the Economic Sentiment in the firs economy of the bloc improved to 38.5, while the Current Situation fell to 8.6, missing the median at 9.5. The pair kept the upper end of today’s range however, retracing some pips after fresh highs around 1.3400 the figure.
EUR/USD key levels
At the moment the pair is up 0.11% at 1.3382 and a surpass of 1.3434 (high Feb.20) would target 1.3456 (high Feb.14) en route to 1.3481 (76.4% of 1.3711-1.2740). On the downside, support levels align at 1.3295 (low Jun.14) followed by 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12).
EUR/USD keeps multi-month highs
The shared currency accelerated its intraday upside after the Economic Sentiment in the firs economy of the bloc improved to 38.5, while the Current Situation fell to 8.6, missing the median at 9.5. The pair kept the upper end of today’s range however, retracing some pips after fresh highs around 1.3400 the figure.
EUR/USD key levels
At the moment the pair is up 0.11% at 1.3382 and a surpass of 1.3434 (high Feb.20) would target 1.3456 (high Feb.14) en route to 1.3481 (76.4% of 1.3711-1.2740). On the downside, support levels align at 1.3295 (low Jun.14) followed by 1.3279 (low Jun.13) and finally 1.3266 (low Jun.12).