EUR/USD: The Euro remains under pressure after the IFO index disappointing

EUR/USD remains under pressure after the IFO index disappointing

The EUR/USD remains under pressure on Wednesday after the plunge yesterday, with the publication of the IFO index of business climate German disappointing.

The index is, in fact, stood at 99.2 points, compared to 99.6 points in the previous month, while the consensus expected an increase to 99.9 points. In detail, it should be noted that the expectations index is displayed at 95.2 against 96.1 in advance, while the index of current situation decreased to 103.3, compared with 103.5 anticipated.

In this context, the EUR/USD has approached the lows of yesterday (1.1192), with a low point at 1.1195 for the moment.

If the fall continues, the next support potential will be located on the lowest annual 1.1175, but then no graphical support important can not be found before the psychological threshold of major 1.10.

The increase, 1.1225-30 is the first resistance to take into account, before 1.1260, 1.13 and 1.1325-30.

It should be noted that the rest of the day will be empty for statistics potentially influential on the EUR/USD if it refers to the economic calendar.

Outside of this statistic, we will also remain attentive to potential claims about big issues, macroeconomic underway, namely the Brexit, trade war China-USA, and the rise in oil.

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