Euro bulls continue to keep the single currency supported in early afternoon trading. However, the single currency remains widely in a range, trapped between resistance at 1.3400 and support via the 1.3250 figure. A break above or below, respectively, is required before any directional bias can be established.
Still supportive of the EURUSD pair is the fact that investment community sentiment gained in the month of January. Surging to a 2 ½ year high, the ZEW survey vaulted almost 25 points higher as investor’s expectations over the German economy brightened in both the current and expected assessments.
Still supportive of the EURUSD pair is the fact that investment community sentiment gained in the month of January. Surging to a 2 ½ year high, the ZEW survey vaulted almost 25 points higher as investor’s expectations over the German economy brightened in both the current and expected assessments.
