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Currency Analyst since 2010

EUR/USD dropped to $1.3500

EUR/USD slid to $1.3500. German ZEW survey came mixed (economic sentiment index improved, while current situation index deteriorated). This news overshadowed good results of Spanish debt action. US dollar’s strengthening on hopes about the debt and budget solution. Chinese Deputy Finance Minister Zhu Guangyan said that the US must undertake its responsibility to uphold stability of international financial markets.

Resistance is at $1.3550, $1.3600/05 and $1.3630.

Support is at $1.3500, $1.3487 and $1.3477.

Chart. H1 EUR/USD

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