German ZEW Economic Sentiment scored –18.2 points. Early expectations stood on -19.2 points after a low score of -25.5 in the previous month. So, it is a bit better than expected. The bigger surprise came from the all-European figure: -3.8 instead of of -16.3 that was predicted and far better than -21.2 seen last month. EUR/USD traded around 1.3070 before the publication, after testing support at 1.3060 beforehand. The release doesn’t really help it recover. EUR USD Under Uptrend Support – Click image to enlarge The negative numbers mean pessimism among the investors surveyed. Rumors circulated earlier that the ZEW number would be especially strong. The recent improvement in the mood around Europe support an improvement. If 1.3060 is lost, the round number of 1.30 is undoubtedly strong support. Resistance is at 1.3105 followed by 1.32. For more on the euro, see the EUR/US forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next 5 Reasons Why Early Success in Forex is Worse than Yohay Elam 11 years German ZEW Economic Sentiment scored --18.2 points. Early expectations stood on -19.2 points after a low score of -25.5 in the previous month. So, it is a bit better than expected. The bigger surprise came from the all-European figure: -3.8 instead of of -16.3 that was predicted and far better than -21.2 seen last month. EUR/USD traded around 1.3070 before the publication, after testing support at 1.3060 beforehand. The release doesn't really help it recover. [caption id="attachment_37962" align="alignnone" width="610"] EUR USD Under Uptrend Support - Click image to enlarge[/caption] The negative numbers mean pessimism among the investors surveyed. Rumors… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
