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Bad news from Germany

Bad news from Germany | 12 March 2019

12 March 2019, EUR/USD

Bad news from Germany

EURUSD trading plan:

It's a bad day for the Euro. Traders will actively buy shares and sell the Euro as the ECB is ready to launch LTRO. The ECB zero interest rates force traders to buy shares in the Frankfurt and Paris stock markets. We see a drop in the value of gold-this is a bad signal for the Euro! Look at the news from Germany-it's terrible! Industrial output dropped 0.8 percent in January, well below market expectations for a rise of 0.5 percent, Germany's Statistics Office said. Automobile production fell by 9.2 percent on the month in January, separate data from the Economy Ministry showed.

Trading recommendation: Sell 1.1275 and take profit 1.1240.

David Johnson
Analyst of «FreshForex» company
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