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Sentiment German exporters is improved

Sentiment German exporters is improved | 27 January 2021

27 January 2021, EUR/USD

Sentiment German exporters is improved

EURUSD trading plan:

Sentiment among German exporters in the industrial sector improved significantly this month, hitting its highest since October, the Ifo economic institute said. "Clarity on Brexit and the U.S. presidency, a robust industrial economy and the start of global vaccinations have led to cautious optimism in the German export industry," Ifo President Clemens Fuest said. The ECB has published fresh statistics on the change in assets on the balance sheet. The indicator increased by €8.59 billion in a week, against €30.93 billion a week earlier. This is positive news for the euro!

Investment idea: Buy 1.2144 and take profit 1.2202.

David Johnson
Analyst of «FreshForex» company
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