The euro is stable
The single currency remains stable based on positive statistics on Germany.
- The index of business expectations in Germany rose to 109.1 in October, exceeding the previous value of 107.4.
- The assessment of the current situation in Germany in October was 124.8, which is higher than the previous value at the level of 123.6.
- The index of the business climate IFO of Germany in October rose to the level of 116.7, exceeding the September value at the level of 115.3.
Technical analysis: The pair EUR/USD is moving in flat since the beginning of this week. The main support levels are in the area of 1.1722; 1.1700. The main resistance levels are considered in the region of 1,1790 and 1,1825.
Key recommendations: The main recommendations will be both buying and selling the instrument from the main support and resistance levels of formed flat on H1. The purchases are considered in the area of 1,172-1,1700. Sales are considered in the area of 1,1790-1.1825.
Fig. Current price EUR/USD – 1.1764
Alexander Sivtsov