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 |