Improving ZEW economic sentiment for Germany bullish for EURUSD
The ZEW Indicator of Economic Sentiment for Germany recorded an increase for the second time: it rose to 51 points after edging up to 28.2 in April, when an increase to 30 was expected. Readings above 0.0 indicate optimism, below indicate pessimism. This is bullish for EURUSD.
Summary of technical analysis
|Buy stop||Above 1.0975|
|Stop loss||Below 1.0902|
Market Analysis provided by IFCMarkets
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