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| EUR/USD 1-hour chart, source: forexfactory.com |
One of the impact economic index, German Ifo business climate is announced 107.7 advanced than prior index and expected value of 106.9 at 08:00 GMT. EUR/USD naturally reacted to the Ifo indicator and the good news lead the price to edge up. But the candle in 1-hour chart and 5-minute chart failed to make its feature long positive candle but left the sharp dodge on the chart respectively.
In ordinary market circumstance, the good news from the impact economic index makes the price high, and the raising circumstance continues in the short or mid terms. But today's flow isn't ordinary. The pressure of the price to down was stronger than the impact of the news. Therefore the EUR/USD failed to rebound and it sidles and seems to fall again.
The market watches the decision of Fed in June. And the election of Brexit is scheduled in late June. The uncertainty of political situation as well as the depression keeps the price in unstable state.
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