Euro remains weak

FXstreet.com (Buenos Aires) - Euro remains the weakest currency across the board, unable to gain against dollar and hovering around the 1.4000 zone since past Asian session, despite stronger stocks around the world. ZEW survey about economic sentiment printed 39.5 against 42.7 previous month while Industrial Production in the Euro zone, also come to the downside, rising 0.5% against 1.5% forecasted.

Euro fell to 1.3964 after the data, still moving in a tight range. Supports for the pair are at 1.3950 strong zone followed by 1.3915 and 1.3880. Technically, hourly indicators remain flat with no clear bias for the next hours, thus the lack of upside strength is keeping the pair capped by the 1.4000/20 zone, followed by 1.4050 and above 1.4100.