ZEW surveys are expected
Christophe Chevalier August 11, 2020 6:42 AM
Later this morning, ZEW survey results of August will be released for Germany and Europe.
Later this morning, ZEW survey results of August will be released for Germany with current situation expected at -69.5 and expectations anticipated at 55.6. ZEW economic sentiment for Europe is expected at 62.0.
From a technical point of view, on a daily chart, EUR/USD remains on the upside and is supported by its rising 50-period moving average (in blue). Readers may therefore consider the potential for further rise above support at 1.1490. The nearest threshold would be set at horizontal resistance at 1.2000 and a second one would be set at previous overlap at 1.2150 in extension.
Source: TradingView, GAIN Capital