German ZEW Economic Sentiment Falls 25.0 In Aug , EURUSD Slides !

Forex G trade
Forex G trade

The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.

The German ZEW Economic Sentiment fell 25.0 , from 29.7 in the previous month, the indicator was expected to rise 32.5 in the last month.

Market Impact : This development is likely to keep daily chart resistance 1.1058 intact , immediate support comes at the 1.1007 levels, a rejection will retest 1.1058 levels, below 1.1007 will open 1.0960/1.930 levels..

German ZEW Economic Sentiment Falls 25_0