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Positive statistics from Europe

Positive statistics from Europe | 24 June 2021

24 June 2021, EUR/USD

Positive statistics from Europe

EURUSD trading plan:

Euro zone business growth accelerated at its fastest pace in 15 years in June as the easing of lockdown measures unleashed pent-up demand and drove a boom in the dominant services sector. That led to a jump in IHS Markit's Flash Composite Purchasing Managers' Index, seen as a good guide to economic health, to 59.2 from 57.1, its highest reading since June 2006. It was ahead of the 50 mark separating growth from contraction. Services, and consumption in particular, are seeing strong momentum and are now the number one engine of European economic growth.

Investment idea: buy 1.1916 and take profit 1.1975.

David Johnson
Analyst of «FreshForex» company
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