EUR/USD: Trading the German Ifo Business Climate

5 Scenarios

1. Within expectations: 111.00 to 111.8: In such a case, the Euro is likely to rise within range, with a small chance of breaking higher.
2. Above expectations: 111.9 to 112.9: An unexpected higher reading can send EUR/USD well above one resistance line.
3. Well above expectations: Above 113.00: The chances of such a scenario are low. A second resistance line might be broken on such an outcome.
4. Below expectations: 110.4 to 111.2: A sharper decrease than forecast will probably cause the Euro to shake and slide, but it is unlikely to send it below support.
5. Well below expectations: Under 110.4: Due to the uncertainties in the Euro zone economy, a sharp decline cannot be ruled out. In this scenario, a drop under support is likely.