IFO 85.7 in August worse even than lowest of all forecasts

Range of 27 polled was 85.8-88.3 - median 86.7

EUR/USD 1.0769 EBS at time of IFO release traded 1.0766 then rose to 1.0784

Friday's range 1.0766-1.0816 EBS

Traders are betting $21.8 billion on EUR/USD rising

Close below 200-DMA @ 1.0804 would be a concern for longs nL1N3A60CJ

Currency moves before Jackson Hole may be reversed after nL1N3A60FQ