Euro keeps growth

The single currency remains strong against the US dollar, amid mixed statistics on Germany.

• The index of business expectations in Germany rose to 111.0 in November, exceeding the previous value at the level of 109.2.
• The assessment of the current situation in Germany in November fell to 124.4, against the previous value at 124.8.
• The index of the business climate of the German IFO in November rose to the level of 117.5, exceeding the previous value at the level of 116.8.

Technical analysis: The pair EUR/USD is maintaining an upward trend, after the publication of data on Germany, as well as due to the weak position of the US dollar, after the publication of the FOMC protocols on Wednesday.

See “Analysis of the American Trading Session.“

The main resistance levels are: 1,1900; 1.1935. Support levels are: 1,1,800, 1,1765.

Fig. EUR/USD chart, current price – 1,1870.

Alexander Sivtsov