EUR/USD settled near the 1.0800 level as traders reacted to Ifo Business Climate report from Germany

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EUR/USD Is Mostly Flat As Traders React To Business Climate Data From Germany

EUR/USD is swinging between gains and losses as traders focus on the Ifo Business Climate report from Germany. The report showed that Ifo Business Climate improved from 85.2 in February to 86.7 in March, compared to analyst forecast of 86.7.

The nearest support level for EUR/USD is located in the 1.0760 – 1.0775 range. A move below this level will open the way to the test of the next support at 1.0630 – 1.0650.

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