Tuesday, April 16, 2019

EUR/USD 4/16

EUR/USD continues to have a quiet week. On Tuesday, the pair is trading at 1.1297, down 0.06% on the day. On the release front, German ZEW Economic Sentiment improved to 3.1, beating the estimate of 0.9. The all-eurozone indicator followed suit, rising to 4.2, above the forecast of 1.2 points. There are no major U.S. events on the schedule. On Tuesday, the eurozone releases CPI and OPEC members hold a meeting in Vienna.
•1.1212 is providing support
•1.1300 is fluid. Currently, it a weak resistance line
•Current range: 1.1212 to 1.1300

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