EUR/USD muted around 1.1060 on ZEW

The shared currency remained apathetic following the release of the ZEW Survey today, taking EUR/USD to the 1.1065/60 band.

EUR/USD still in red post-ZEW

Spot kept the negative territory after the ZEW Survey has missed expectations for the current month. In fact, Economic Sentiment in both Germany and the euro area dropped to -6.8 and -14.7, respectively.

In addition German Current Conditions has followed suit down to 49.8 from 54.5 previous and 51.8 forecasted.

In the meantime, the greenback remains on the right footing vs. its G10 peers, weighing on the sentiment around the risk-associated assets.

EUR/USD levels to watch

The pair is now losing 0.08% at 1.1067 and a breakdown of 1.0999 (low Jul.8) would open the door to 1.0913 (post-Brexit low Jun.24) and then 1.0820 (low Mar.10). On the flip side, the initial up barrier aligns at 1.1084 (200-day sma) followed by 1.1166 (high Jul.14) and then 1.1184 (high Jul.5).