German ZEW Economic Sentiment Rises 10.4 In Nov, Sell EURUSD On Rebound!

Forex G trade
Forex G trade

TheĀ German ZEW Economic Sentiment rose 10.4, from 1.9 in the previous month, the indicator was expected to rise to 6.0 in the last month…

Market impact: This development should bring limited gains below 1.0685 levels before the next fall, on the 1-hour chart, the pair finds resistance at the 1.0673 levels, stability below this level on an hourly closing basis will keep the pair under pressure with risk for further downside move, above 1.0673 will pave the way towards the 1.0723 levels ahead of the 1.0757 levels, below 1.0659 will open 1.0645, further down, support comes at the 1.0600 levels.

Further Reading

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