EURUSD rising despite deteriorated German sentiment
Germany’s business sentiment deteriorated sharply in March as evidenced by the Ifo institute’s final survey results: Ifo’s business climate index slumped to 86.1 from 96.0 in February, when a drop to 87.9 was expected. Despite deteriorating German business sentiment report EURUSD setup is bullish.
Summary of technical analysis
|Buy stop||Above 1.0965|
|Stop loss||Below 1.0891|
Market Analysis provided by IFCMarkets
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