German ZEW survey is expected to deteriorate in August

Current conditions seen -75.0 from -68.9 - weakest since April

Current conditions hit multi-year low at -81.7 in Feb

Economic sentiment seen falling to 32.0 from 41.8

Traders increasingly bullish about euro in advance data nL1N3JZ07Q

Rebounding stock markets suggest ZEW likely to improve in future

Target should EUR/USD extend Jul-Aug gains is 1.1225