FXstreet.com (Barcelona) - The Euro has risen today in spite of a weaker than expected ZEW economic expectations index, the Swiss Trade AG Strategy Team stresses the underlying strength of the Euro: The EUR / USD has risen to a new day's high and is currently trading at 1.5638, in spite of worse than expected ZEW figures out of Germany. Normally, such a situation indicates underlying strength for the currency under report, in the case the Euro, and signals the contined rise in EUR / USD prices, perhaps to the 1.6000 level in coming days.

The Euro, according to the AG Strategy Team ins overbought at the moment: The EUR / USD is now heavily overbought and we have no forecast, but watch for further EUR / USD strength.