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Mar 26 - 08:55 AM

EUR/USD's IFO Reaction Speaks Volumes

By Jeremy Boulton  —  Mar 26 - 06:41 AM
  • Demand for German goods pushes business morale to almost two high

  • IFO business climate shot up to 96.6, highest since June 2019 nL8N2LO230

  • EUR/USD initially rose 1.1784 to 1.1797 EBS then gives back those gains

  • EUR/USD is finding support at lower end 20-day Bollinger bands nL1N2LO0H0

  • Lower band now 1.1755 allowing for push to k/o 1.1750 barriers

  • Funding currencies are in a race for the bottom nL1N2LO0FP

  • FX traders can expect greater stock, commodity gains nL1N2LO0KK




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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