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Positive macroeconomic statistics from the Euro zone

Positive macroeconomic statistics from the Euro zone | 03 June 2021

03 June 2021, EUR/USD

EURUSD trading plan:

Euro zone business activity surged in May as the easing of some coronavirus related restrictions injected life into the bloc’s dominant services industry. An acceleration of vaccine programmes across the region and a fall in reported daily cases has allowed governments to remove some measures imposed to try and stop the spread of the virus. That meant IHS Markit’s final composite Purchasing Managers’ Index, seen as a good gauge of economic health, jumped to 57.1 last month from April’s 53.8, its highest level since February 2018.

Investment idea: buy 1.2180 and take profit 1.2235.

David Johnson
Analyst of «FreshForex» company
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