EUR’s Trends to be Set by German ZEW Economic Sentiment
November 10th, 2009 Posted in Euro-Zone, In-Depth Analysis
The EUR’s trends for the upcoming day are likely to be set by the outcome of the German ZEW Economic Sentiment publication at 10:00 GMT. The forecast is 58.9, versus the 56.9 previous result. A result matching the forecast, or even better is likely to boost the EUR. Therefore, we could see the EUR/USD cross surpass the 1.5050 level. However, a result worse than this could lead to a very bearish EUR indeed. Traders, it is highly recommended that you open your positions in the EUR’s main crosses as soon as possible.
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Tags: eur forecast, EUR prediction, EUR trading, EUR's Trends to be Set by German ZEW Economic Sentiment, EUR/USD, German ZEW Economic Sentiment
