Improving ZEW indicator bullish for EURUSD
The ZEW Indicator of Economic Sentiment for Germany improved substantially in November compared with the previous month. Will the EURUSD rise?
On 1-hour timeframe EURUSD: H1 is in downtrend, below the 200-period moving average MA(200) which is falling. The RSI indicator is below 50 level but has not reached the oversold zone.
Technical Analysis Summary
Order Sell
Sell stop Below 1.1017
Stop loss Above 1.1037
The ZEW Indicator of Economic Sentiment for Germany improved substantially in November compared with the previous month. Will the EURUSD rise?
On 1-hour timeframe EURUSD: H1 is in downtrend, below the 200-period moving average MA(200) which is falling. The RSI indicator is below 50 level but has not reached the oversold zone.
Technical Analysis Summary
Order Sell
Sell stop Below 1.1017
Stop loss Above 1.1037