The deterioration of sentiment in the stock markets weighs on euro

The reaction of the euro / dollar at the ZEW data proved short-lived, and, as expected, was limited: a pair of crossed Ofer near $ 1.2965, but further growth was halted following a series of orders to sell near $ 1.2990, and by now the bulls were forced to retreat to $ 1.2941 , given the negative impact of the deteriorating situation on the stock market, where major stock indexes, previously shown fairly good growth, were in the red zone. Barclays Capital Currency strategists point out that would not preclude new attempts to restore the euro, but they expect that the levels of around $ 1.3000/25 attract more aggressive sellers, and believe that the single European currency remains focused on the continued fall to $ 1.2870, the break below pave the way to $ 1.2730.