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Euro gains as German investor confidence shines –MP

FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse, notes EUR/USD trading slightly above the 1.25 line after the German ZEW Economic Sentiment climbed to 11.5 points.

Key Quotes

“EUR/USD posted gains in the Asian session. The pair continues to move higher in the European session and is testing resistance at 1.2518.”

“On the downside, 1.2407 is a strong support level.”

“On the upside, 1.2518 is fluid and could break during the day. 1.2688 is the next resistance line”

Dollar broadly mixed as corrective forces try to take hold – BBH

According to Marc Chandler, Global Head of Currency Strategy at BBH Global, the dollar trades mixed with other currencies, but mostly on the softer side besides against the Yen.
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UK Gilt Yields suggest slow recovery in GBP/USD pair - FXStreet

“The GBP/USD pair rose 40 odd pips to 1.5670 levels, tracking a rise in the Gilt yields and a marginal weakness in the US Treasury yields.” says Omkar Godbole, Analyst and Editor at FXStreet.
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