EUR on the upside ahead of ZEW

Germany flag
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

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