Recovering Ifo index bullish for EURUSD
Ifo’s business climate index for Germany recovered in May: the index rose from 74.2 points in April to 79.5 points in May, when an increase to 78.3 was expected. This is bullish for EURUSD.
Summary of technical analysis
|Buy stop||Above 1.0903|
|Stop loss||Below 1.0871|
Market Analysis provided by IFCMarkets
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