German ZEW Economic Sentiment (Jul) 29.7 vs 29.0 Forecast , Sell EURUSD On Recovery !

Forex G trade
Forex G trade

The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook.

The German ZEW Economic Sentiment fell 29.7 , from 31.5 in the previous month , passing forecast at 29.0.

Market Impact : This development pushed the pair to the upside , however; the pair already found a new resistance at the 1.1038 levels , but overall outlook remains on the downside as long as 1.1059 resistance holds on a 4- hour closing basis..

German ZEW Economic Sentiment (Jul)

 

 

MARKET DATA

UPCOMING ECONOMIC EVENTS