The Euro (EUR) has been slammed of late, the New Zealand Dollar extended gains Monday off 0.5570 (1.7950) to trade around 0.5590 (1.7870) into Tuesday sessions. The Euro has been weak across the board off the back of the collapse of the German Govt and the new “Trump” govt. A daily close through the 6-week high at 0.5610 (1.7830) could spell further troubles for the Euro. German economic sentiment prints tonight and could also show a decline to overall growth.
Current Level: 0.5596
Support: 0.5490
Resistance: 0.5610
Last week’s range: 0.5484- 0.5585