EUR/USD jumps above 1.11 after good IFO data

  • German IFO Business Climate 108.0 vs 107.2 expected
  • IFO Business Expectations 102.4 vs 101.8 expected
  • Current Assessment 113.9 vs 113.0 expected
  • This has helped the EUR/USD higher, which has hit a high of 1.1117 just earlier
  • Offers expected at 1.1150, while the next major tech resistance lies at 1.12 (July 13th high)

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