Information on business activity in Germany
- German current assessment , fact 103.3, forecast 103.6.
- German IFO Business Climate Index, fact 99.2, forecast 99.9.
Business activity in Germany slowed down in April, remaining near the minimum values of the current year, indicating restraint of this indicator.
Fig. 1. Graph of business climate index IFO Germany
The EUR/USD pair has accelerated the decline on the publication of data for Germany. This pair remains limited by the downward trend, which against the background of weak statistics can result in a new wave of sales. Support levels: 1.1180 and 1.1160, resistance: 1.1220 and 1.1240.
EUR/USD chart. The current price is 1.1210
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Hanzenko Anton
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