Events to watch out for today:
15.30 Moscow time USA: Change in the volume of orders for durable goods in May.
Forex forecast EURUSD today 06/25/2020
The IFO business climate index, calculated on the basis of a survey of German companies, rose from 79.7 to 86.2 points in June. The German economy is recovering from the recession caused by COVID-19, however, the IFO institute speaks rather optimally of optimism. Donald Trump apparently does not like the quick recovery of the German economy and his closest ally Robert Lightheiser on Wednesday said that the United States could introduce duties on a number of goods from Germany, as well as France and the UK. The United States is currently continuing negotiations with the EU on a trade agreement and is threatening to introduce duties if they are not satisfied with the final version of the trade agreement. For the euro, this is a negative signal. The rally in the gold market, which is currently trading at an eight-year high, will support the European currency, due to the direct correlation of the two instruments.
EURUSD recommendation: flat 1.1225 -1.1300