German business climate data

• German Business Expectations Index, fact 95.6, forecast 94.0.
• German current situation assessment, fact 103.8, forecast 102.9.
• German IFO Business Climate Index, fact 99.6, forecast 98.7.

The business climate in Germany improved in March, moving from the minimum values ​​of the last three years. In the future, it may indicate the German economy attempts to grow.

Fig. 1. IFO German business climate index chart

Against the background of a general correction against Friday’s decline and very positive data for Germany, the EUR/USD pair accelerated growth, opening the way to resistance levels: 1.1330 and 1.1350. The key support is the mark 1.1300.

Fig. 2.  EUR/USD chart. Current price – 1.1320

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Hanzenko Anton

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