The important ZEW Economic Sentiment survey fell once again, showing that Europe isn’t really doing much better than the US. The Euro erases early gains and drops. German ZEW Economic Sentiment fell from 21.2 to 14 points. Early expectations stood on small slide to 20.9 points. The survey of 350 German institutional investors is a highly regarded survey, and the drop sends it much closer to the tipping point where optimism turns into pessimism – a negative score. The Euro is retreating: EUR/USD now trades at 1.2870 after dropping from 1.29 – gains that it made earlier. These move mean that EUR/USD failed to break the 1.2880 resistance line, at least for now. A significant drop will send the pair towards the 1.2722 support line, which held it at the wake of the new week. A rise will find resistance at the round number of 1.30. Note that the ZEW Economic Sentiment for the whole Euro-zone rose from 10.7 to 15.6 points, but this considered less accurate. Earlier today, the Current Account for the Euro-zone was published. It showed that the deficit dropped to 4.7 billion. This was worse than earlier expected – 3.7 billion. Also last month’s figure was a disappointment – it was revised from a deficit of 5.8 to 7.4 billion. The Euro shrugged off this data, as it was awaiting the main figure. The Euro went up earlier today on successful Irish bond sales. This is another positive sign that the debt issues are fading away. Ireland is one of the problematic countries in terms of debt. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Forex SMS Alerts – Mobile4X Review Yohay Elam 12 years The important ZEW Economic Sentiment survey fell once again, showing that Europe isn't really doing much better than the US. The Euro erases early gains and drops. German ZEW Economic Sentiment fell from 21.2 to 14 points. Early expectations stood on small slide to 20.9 points. The survey of 350 German institutional investors is a highly regarded survey, and the drop sends it much closer to the tipping point where optimism turns into pessimism - a negative score. The Euro is retreating: EUR/USD now trades at 1.2870 after dropping from 1.29 - gains that it made earlier. These move mean… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.