EUR/USD has put on about 30 points in early trade, presently at 1.4325.
Hard to see EUR/USD going much further until we’ve had a look at the German ifo survey data due in about 20 mins.
Business expectations seen 92.0, business climate 89.0 and current assessment 86.0.
I’ve got to think we’re likely to see much bigger reaction to worse than expected data than better than expected.
Any move north of 1.4350 will have everyone looking out for renewed China selling.
