German Ifo Business Climate Index rises to 108.6 in April , EURUSD Follows !

forex 653 min
forex 653 min

The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.

The German Ifo Business Climate Index rose to 108.6, from 107.9  in the previous month , analysts had expected it to rise to 108.4 last month.

This development should boost the EURUSD to the upside , eyes on 1.0935 next , immediate support comes at the 1.0850/1.0785 levels………..

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