EURUSD approaching the first daily resistance following good ZEW figures from Germany

[RTFX-Trading]

EURUSD approaching the first daily resistance following good ZEW figures from Germany.

Good news for the Euro and the "carry trades"; the ZEW index of economic sentiment in Germany is clearly up to 56.1 in August compared to 39.5 in July, the current conditions component is also better at -77.20 in August compared to -89.3 in July.

The EURUSD is up to 1.4143, close to the first daily resistance at 1.4170. Investors continue to seek the appetite for risk, the EURJPY is net increase by 1.22% to 134.73.



Nicolas Longchamp
RTFX Ltd
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The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
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