#EURUSD Flows and Sentiment
Posted: 2017-02-22 10:31:24EU CPI comes in at -0.8% MM after -0.8% expected and 1.8% YY after 1.8% expected. Inline…
German IFO data higher. Business climate comes in at 111.0 after 109.6 expected with expectations at 104.0 after 103.0 expected and Current assessment at 118.4 after 116.6 expected.
EURUSD smashed through the all important 1.0525 level to trade 1.0498.
Corporate bids supporting but sentiment has gone negative.
Next level of support reported around 1.0454
Large sellers still expected around 1.0620 and ahead of 680