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EUR/USD Signal - German IFO Business Climate - 18 Dec 2018

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EURUSD is making a correction since dropping to 1.1270 low. The common currency is now heading towards 1.1400 level but the Euro doesn't look in good shape. According to the published data this week, the Eurozone inflation for November was downgraded and the German IFO Business Climate report is unlikely to be cheerful.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.