EURUSD – Up
EURUSD trading plan:
German business morale unexpectedly rose in March, adding to signs that Europe’s largest economy is stabilizing despite recent turmoil in the banking sector, a fresh survey showed. The Ifo institute said its business climate index jumped to 93.3 from a reading of 91.1 in February. The improvement in business morale for the fifth month in a row was driven primarily by business expectations, which rose to 91.2 in March from a revised 88.4 the month before, its highest level in at least a year, according to Ifo. Despite the turbulence in the financial markets, the German economy is starting spring with a good feeling.
Investment idea: buy 1.0777 and take profit 1.0850.
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