Can the euro recover after disappointing ZEW data?

The euro has tested the recent daily swing low and is now under pressure from today’s ZEW sentiment data from Germany. The war in Ukraine and the sanctions against Russia are hurting the European Union as energy price increases add to inflationary pressures from supply chain disruptions due to COVID. The euro versus the pound and some commodity pairs look like a good long, as does the single currency against the yen. However, if the EURUSD collapses it could drag the entire euro basket lower, at least for the rest of this week. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

1:13 EUR/CAD

1:23 EUR/AUD

1:58 EUR/CHF

2:29 EUR/GBP

2:38 EUR/JPY

3:09 EUR/NZD

3:36 EUR/USD