HomeContributorsTechnical AnalysisGerman Investor Sentiment Rises In November

German Investor Sentiment Rises In November

Investor sentiment in Germany rose more than expected in November. The ZEW economic sentiment index rose to -2.1, up from -22.8 from the previous month. The data also came out better than the forecasts of -13.2.

For the rest of the eurozone, the economic index rose to -1.0 from -23.5 previously.

EUR/USD Testing Support

The EURUSD continued to decline. Price action remains weak, testing the support area of 1.1000.

However, on the 4-hour chart, the Stochastics oscillator is forming a bullish divergence. If price bounces to the upside, the common currency will test the resistance area of 1.1075 – 1.1062 level.

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