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Feb 22 - 05:55 AM

EUR/USD - IFO Beat Gives EUR/USD A Little Boost

By Jeremy Boulton  —  Feb 22 - 04:22 AM
  • EUR/USD sank 1.2123 to 1.2092 between 8.10GMT and 8.50GMT

  • Pair rose to 1.2099 by time IFO was released and 1.2109 EBS after

  • IFO 92.4 in Feb vs 90.5 f/c. Current conditions 90.6 vs 89.0 f/c

  • Expectations rose to 94.2, consensus 91.8 nS8N2G902B

  • Ranges are unfolding in upper-half 20 day Bollinger bands 1.2090-1.2184

  • A weaker CNH should support EUR which is large TWI component nL1N2KS0JC




EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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