EUR/USD: the euro tried to strengthen — then immediately got tired.
Germany’s Ifo Business Climate dropped to 88.1. Expectations fell even deeper. Manufacturing looks pessimistic, trade is disappointed, construction is nervous. Services pretend everything is fine — like a patient saying “I’m okay” while flatlined.
If this was the euro’s last “supportive factor” of the week, it’s already priced in.
Upcoming EU data is unlikely to change the picture.
Meanwhile, Tuesday–Wednesday give USD a window to set the tone.
This is analysis, not financial advice.
— YELIZARUS