German Ifo Business Climate Monday

[column size=”1-2″ last=”0″ style=”1″] The German Ifo Business Climate is a survey derived from about 7,000 businesses, rating the current business conditions and expectations of Germany.

The last three releases were ugly news for the Euro. This month’s release could appear different with the current momentum of Euro bulls, which could mean higher prices for the EURUSD.

If we see a large enough deviation, we could expect new highs up towards or past the 1.26 level.

Next Saturday (which is a long ways ahead) President of the ECB, Draghi is speaking.

Check out the events for next week by visiting Forex Factory.

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Check out the chart of the EUR/USD here.


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