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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 11 February 2021

11 February 2021, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Weaker-than-expected U.S. inflation and a promise from the Federal Reserve to keep interest rates low continued to raise investor expectations of meager returns from the U.S. currency. The Labor Department said its consumer price index increased 0.3% last month after climbing a revised 0.2% in December. In the 12 months through January the CPI rose 1.4% after gaining a revised 1.3% December. Economists polled by Reuters had forecast the CPI rising 0.3% and increasing 1.5% year-on-year.

Investment idea: Buy 1.2113 and take profit 1.2172.

David Johnson
Analyst of «FreshForex» company
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