Improving ZEW sentiment bullish for EURUSD
The ZEW Indicator of Economic Sentiment for Germany rose for the second consecutive month in December. Will the EURUSD rise?
On 1-hour timeframe EURUSD: H1 is in downtrend, falling toward the 200-period moving average MA(200) which is rising. The RSI indicator is below 50 level but has not reached the oversold zone.
Technical Analysis Summary
| Order | Sell |
| Sell stop | Below 1.1076 |
| Stop loss | Above 1.1096 |