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FxWirePro: EUR/AUD outlook weaker on renewed downside pressure

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EUR/USD likely to find buyers

Monday, February 23, 2015 9:16 AM UTC

Softer than expected IFO (107.7 forecast) makes way for fresh EUR/USD selling
Despite disappointment Feb IFO still hit Jan's results 106.8 vs 106.7
Unexpected sustained down move on IFO alone
Longs into low 1.13's seem cautious, more 1.1270-1.1534 chop expected

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EUR/USD likely to find buyers

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