Germany March Ifo business climate index 96.6 vs 93.2 expectedPrior 92.4; revised to 92.7Expectations 100.4 vs 95.0 expectedPrior 94.2; revised to 95.0Current assessment 93.0 vs 91.3 expectedPrior 90.6Slight delay in the release by the source. A positive uptick in business sentiment with the expectations reading jumping to its highest since August 2018.
Further Development
Analyzing the current trading chart of EUR/USD, I found that there is the breakout of the perfect bear flag pattern in the background, which is sign for further downside movement.Watch for selling opportunities on the rallies with the downside targets at the price of 1.1755 and 1.1730.Key Levels:Resistance: 1.1800Support levels: 1.1755 and 1.1730.
