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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 26 February 2021

26 February 2021, EUR/USD

EURUSD trading plan:

German consumer morale brightened more than expected heading into March as shoppers in Europe's largest economy became more upbeat. The GfK research institute said its consumer sentiment index, based on a survey of around 2,000 Germans, improved to -12.9 points from a revised -15.5 in February. GfK researcher Rolf Buerkl said consumer morale had somewhat recovered from the shock suffered following the decision to tighten lockdown measures in mid-December. "The recent dip in infection rates and the launch of the vaccination program are fuelling hopes of a speedy easing of measures," Buerkl added.

Investment idea: buy 1.2137 and take profit 1.2200.

David Johnson
Analyst of «FreshForex» company
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