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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 28 September 2021

28 September 2021, EUR/USD

EURUSD trading plan:

The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year. The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, rose to 0.3 points for October, from a revised -1.1 points a month earlier. Both economic and income expectations improved significantly while the propensity to buy rose slightly, GfK said. Consumers became more optimistic in light of falling coronavirus infections that the fourth wave in the pandemic could be less pronounced than many feared, the survey showed.

Investment idea: buy 1.1665 and take profit 1.1750.

David Johnson
Analyst of «FreshForex» company
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