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technical analysis

The US dollar index was trading in the green on Tuesday. This comes a day after prices fell, snapping a five-day gain.

Economic data from the United States was sparse. President Trump spoke late Tuesday at the Economic Club of New York. Besides a few references to the Fed, there wasn’t much about the trade talks.

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.

EURUSD 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.


UK Unemployment Rate Fall...

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