EUR/USD to struggle to extend its advance on weak German Ifo survey EURUSD
in case the data from Germany highlight the negative impact of the Russia-Ukraine conflict on business sentiment, FXStreet’s Eren Sengezer reports.“The Ifo Institute is expected to announce a deterioration in German business confidence. The Expectations Index is forecast to decline to 92 in March from 99.2 in February and the Current Assessment Index is expected to fall to 96.5 from 98.6.
“A four-hour close below 1.10 could open the door for an extended slide toward 1.0960 and 1.0940 .”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.