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Neutral macroeconomic statistics from the euro zone

Neutral macroeconomic statistics from the euro zone | 18 January 2021

18 January 2021, EUR/USD

Neutral macroeconomic statistics from the euro zone

EURUSD trading plan:

The European Union's statistics office Eurostat said the trade surplus of the 19 countries sharing the euro with the rest of the world was 25.8 billion euros in November, up from 20.2 billion a year earlier. Though both exports and imports fell year-on-year, imports declined 4.2% while exports only 1.0%, Eurostat said. The biggest changes in the trade balance in the January-November period were with energy exporter Russia, where the European Union's trade deficit narrowed to 13.8 billion euros from 52.1 billion in the same period of 2019.

Investment idea: range 1.2035 -1.2120.

David Johnson
Analyst of «FreshForex» company
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