EUR/USD falters on the upward movement after the ZEW in the vicinity of the ZEW

FXStreet — The upward momentum against the single currency had to and moved the EUR/USD for a few Pips from the new 2017 High in the field of 1,1050.

GBP/USD retreat from the highs after the ZEW publication

The Pair pulled back from new multi-month high from the middle of the 1,1000, according to the ZEW survey of Germany to the expectations with a result of 20.6 for the current month behind the forecast. B
The current conditions were, however, cut off with 83.9 he than expected.

The Euro zone’s GDP rose on a quarterly and annual basis, as expected, by 0.5% and 1.7%.

To expect data on the U.S. housing starts, building permits and industrial production, and Manufacturing.

EUR/USD can the 1,1040 potentially test — Commerzbank

EUR/USD significant levels

Currently, the days income is 0.53 % in the case of 1,1033 and the next Resistances lie at 1,1050 (2017 High 16. May) and 1,1073 (76,4 % Fibo of the 1,1300-1,0339 decline) and 1.1300 (High-9. November 2016). On the other hand, supports are located at 1,0970 (Deep 16. May), 1,0887 (20-day SMA) and 1,0838 (Deep 11. May).

** FXStreet News Editorial, FXStreet**

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