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EUR/USD flat ahead of IFO

FXstreet.com (Edinburgh) -The single currency is trading almost unchanged against the greenback on Tuesday, driving the EUR/USD to sub 1.3370 levels ahead of the German IFO series.

EUR/USD focus on IFO

Prior surveys expect the IFO series to extend the bullish momentum in Germany during August, improving in all of its components and adding to the EUR resilience in the top end of the broader range. “EUR/USD could see support if we are right in projecting an above-consensus rise in the Ifo expectations index”, noted Christin Tuxen, Senior Analyst at Danske Bank.

EUR/USD levels to watch

The pair is now up 0.01% at …read more