Forex Trading Euro News Today

The movement of the Euro currency is lower since early trade forward trend of previous trade, increasingly depressed by the US dollar in the middle of the European session today (17/12) by sentiment rising Fed rate and also bad IFO business survey Institute this afternoon.

In the release of sentiment that businessmen reported IFO Institute this afternoon, reported that the business climate index in Germany for the month of December this fell into the second highest rating level this year to the level of the original 108,7 recorded at 109 on November.index score is still far below that economists had expected the reconstruction estimate ends at level 109,2 score. Read More Pond Vs Dollar

From the sides of the movement of the U.S. dollar index this afternoon trading stronger rallies 3 consecutive days by sentiment rising fed rate and also 2 economic data released positive this night such as the Philly Fed data and Unemployment jump.

The movement of the Euro currency in the European session (10:30:35 GMT) move down against the US dollar, after opened strong on 1.0912 in early trade (00.00 GMT), the Euro currency fell 61 pips mount or 0.01 percent and value of the scroll is at 1.0851.

For the next trade until the close of trading American session ends tomorrow morning analyst Vibiz Research Center estimates pair EURUSD can go down to the range support 1.0870 but if the dollar fell then pair can rise back to the position of the resistant 1.1025 .