Negative macroeconomic statistics from Germany | 26 Julio 2022

EURUSD trading plan:

German business morale fell more than expected in July, the Ifo business sentiment survey showed, as the institute that compiles it said high energy prices and looming gas shortages had left Europe's largest economy on the cusp of recession. The Ifo institute's closely watched business climate index dropped to 88.6, its lowest in more than two years. The government has said it would priorities residents over the corporate sector in the event of rationing natural gas, and Monday's Ifo index, which surveys about 9,000 firms, showed expectations for business to significantly worsen in the coming months.

Investment idea: sell 1.0250 and take profit 1.0170.