The EURUSD pair has been unbelievably firm despite negative headlines during the previous week as it rised from around 1.1160 after a gap down last Monday to tops above 1.1260 overnight before trading around 1.1235-45 currently after German ZEW data.

The daily up move in the pair seems to falter ahead of 1.1250 aided by mixed results from the ZEW survey in Germany and the broader euro area.

Actually, Economic Sentiment for May dropped to – 1.6, while the same measure ticked lower to – 2.1 in Germany. Still, the sub-index current conditions figure surprised to the upside at 8.2 in Germany.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.