German IFO

Discussion in 'Forex Trading' started by nycfxproptrader, Apr 26, 2004.

  1. German IFO out in a few minutes. Expectations are 95. Might come in weaker, but I can't see the Euro dropping much on it. I think alot of bad news is already priced in. Euro might have already hit its low earlier in the session.
     
  2. Then again, maybe not. :)
     
  3. rezo_s

    rezo_s

    As far as I see it its not more than a corrective move / profit taking. selloff may resume and even accelerate sooner or later. We need to see at least abreak of 1.19 in order to say there is a chance that bottom was already hit.

    my 2c