FX.co - Daily overview of EUR/USD (March 17, 2020). The ZEW index is -49!

2020-03-17T14:46:33

Relevance until2020-03-18

The ZEW index fell to -49! This was unexpected, as the value of the index was forecasted to be at 8.

Its effect on the euro's exchange rate is inevitable.

EUR/USD has broken through last week's low of 1.1055 and is moving downwards.

Keep selling from 1.1053 or higher.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Daily overview of EUR/USD (March 17, 2020). The ZEW index is -49!