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Apr 26 - 06:55 AM

EUR/USD - Slips And IFO Misses

By Jeremy Boulton  —  Apr 26 - 04:38 AM
  • EUR/USD drops from 1.2115 to 1.2089 in Europe

  • Low comes ahead IFO data which is strong but missed forecast

  • Pair rises to 1.2102 after data, last 1.2099 EBS

  • IFO 96.8 in April from 96.6 but vs a 97.8 f/c

  • Current conditions improved but expectations declined, both miss f/c

  • 96.8 is highest since June 2019

  • Cloud top 1.2060 and 100-DMA 1.2055 support, upper Bol @ 1.2153 caps





EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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