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Negative macroeconomic statistics from the Germany

Negative macroeconomic statistics from the Germany | 13 April 2022

13 April 2022, EUR/USD

EURUSD trading plan:

The ZEW Indicator of Economic Sentiment remains at a low level. The experts are pessimistic about the current economic situation and assume that it will continue to deteriorate. The decline in inflation expectations, which cuts the previous month's considerable increase by about half, gives some cause for hope. However, the prospect of stagflation over the next six months remains. An index for current conditions fell to -30.8 from -21.4. The consensus forecast was for a reading of -35.0. German business morale also plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chains.

Investment idea: sell 1.0870 and take profit 1.0811.

David Johnson
Analyst of «FreshForex» company
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