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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 22 April 2020

22 April 2020, EUR/USD

Positive macroeconomic statistics from Germany

EURUSD trading plan:

We are expecting an uptrend to develop. The mood among German investors improved in April as concerns about the impact of the COVID-19 pandemic on Europe's largest economy seemed to have eased. The ZEW research institute said its monthly survey showed economic sentiment among investors rose to 28.2 from -49.5 in March. German carmakers have restarted production at some factories this week after the country eased restrictions designed to contain the coronavirus outbreak. Certain shops are now allowed to open.

Trading recommendation: Buy 1.0850 and take profit 1.0900.

David Johnson
Analyst of «FreshForex» company
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