Create / EURUSD / 21/01/2015 08:13:59Yesterday; Germany PPI was below market expectation on both monthly and yearly basis, while both Germany and Eurozone’s ZEW economic sentiment surpassed the market expectations. There was no important data flow from the USA, while the pair continues its downward movement, declined below 1,1570 level.
style="text-align:justify;">Today, there is no important data flow from the Eurozone. In the USA, building permits and housing starts will be followed.
Technically; the pair’s downward trend continues. If the pair stays below 1,1570 level, then 1,1500 and 1,1420 support levels would be aimed. If the pair moves upwards to 1,1570 level with data flow, then 1,1600 and 1,1665 resistances should be followed. Selling pressure might be expected to continue under 1,1600 level.