EUR on the upside ahead of ZEW

Blue avatar for guest contributors
By :  ,  Financial Analyst

EUR on the upside ahead of ZEW

Later today, ZEW survey results of November will be released for Germany (current situation at -65.0, expectations at 44.0 expected).

From a technical point of view, on a daily chart, EUR/USD has rebounded and now stands above its 50-day moving average (in blue). Readers may therefore consider the potential for further advance above 1.1605. The nearest threshold would be set at September top at 1.2015 and a second one would be set at previous overlap at 1.2150.

Source: TradingView, GAIN Capital

Related tags: Forex Forex EUR

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar