EUR/USD Price Strengthens Above 1.1550 Amid German Economic Boost

The EUR/USD price has shown signs of strength above 1.1550, and experts believe that this bullish outlook remains intact.

The recent data release on Tuesday showed that the German ZEW Survey - Economic Sentiment came in at 34.2 in August, beating estimates of 30.00.

This improvement in economic sentiment has led to a continuation of the ECB hiking cycle, with financial markets pricing in a 90% to 94% probability of a 25 basis points hike to 2.50% at the next policy meeting on September 9.