EURUSD Continues Falling On Negative German ZEW Economic Sentiment!

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The German-German ZEW Economic Sentiment rose 17.6 from 17.0 in the previous month, analysts had expected it to rise to 20.00 a month earlier…

This development could bring limited gains for EURUSD but since the pair is in a corrective pullback, this data may bring a selling opportunity.

Immediate resistance is seen around 1.1780 levels followed by 1.1810 then 1.1830 (main). On the downside, support comes around 1.1738 levels where rebound is likely if seen, this scenario should bring a selling opportunity, however; below 1.1738 will aim the 1.1670 levels.

Anyway, EURUSD should dip to 1.1740 levels before the next move…

MARKET DATA

UPCOMING ECONOMIC EVENTS