Currency Analyst since 2010

EUR/USD is affected by mixed news

For the last 2 days EUR/USD is fluctuating in about 100-pip range around $1.2980.

Lower-than-expected German ZEW economic sentiment (36.4 vs. the forecast of 39.5) has been so far having more impact on the market than higher-than-expected industrial production (1.0% vs. the forecast of 0.6%).

Resistance lies at $1.3025/30 and $1.3060/70. On the downside support is located at $1.2950, $1.2900 and $1.2880. 

Chart. H4 EUR/USD

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