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15.09.201508:04 Forex Analysis & Reviews: Global macro overview for 15/09/2015

Long-term review

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Global macro overview for 15/09/2015:

An interesting set of data from EU and Germany is scheduled for release at 9am GMT today. The ZEW Sentiment is expected to decline to the level of 18.3 from 25 points last month as the general gauge for the Germany's economic situation is getting more and more pessimistic now. Moreover, the center for European Economic Research will release Eurozone ZEW Indicator of Economic Sentiment Assesses, which is expected to decline as well to the level of 42.1 from the level of 47.6 month ago, confirming the negative sentiment bias among German experts.

The technical pictire on the EUR/USD chart is not clear at all. After making a local swing at the level of 1.1086, the market is slowly climbing higher to test the golden trend line from the below and reverse. Current support comes at the level of 1.1228 and resistance is seen at the level of 1.1332.

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