EURUSD was seen rising strongly on the day. These gains came after the ZEW economic sentiment improved to -22.5. The data came better than expected. The Eurozone ZEW economic sentiment was also seen coming up better than the median expectations. The common currency gained despite the US dollar rising higher on the day.
EUR/USD Clears Resistance Level, More Gains Ahead?
EURUSD was seen rising above 1.1030 resistance level. The gains came following the currency pair finding dynamic support off the trend line. However, price action will have to clear the near-term top formed at 1.1091. A close above this level will see further gains to the main resistance level of 1.1140.