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April 24, 2023
EUR/USD remains constrained within a 1.0942 to 1.1 range and is currently trading around the 1.0982 level.
Germany Business Climate Index data will be released today at 08:00 UTC, with an expected improvement to 94. the Euro reaction to indicator information will follow.
Some optimism can drawn from the fact that Germany Business Climate Index is projected to outperform its last figure with 94. It previously stood at 93.3; data will be released today at 08:00 UTC.
Furthermore, Germany Current Assessment (Apr) scheduled to come out today at 08:00 UTC. Germany Business Expectations is projected to outperform its last figure with 91.5. It previously stood at 91.2; data will be released today at 08:00 UTC.
The currency pair has been trending positively for about a month. As things stand, the Euro is 14.54% away from a significant low of 0.9596 first set 6 months ago.
