09 March 2023, EUR/USD
EURUSD trading plan:
German industrial production rose significantly more than expected in January, increasing by 3.5% on the previous month, the federal statistical office said. The positive development "was driven in particular by strong growth in the manufacturing of electronic equipment and chemicals," the statistics office said. In contrast, motor vehicle and motor vehicle parts manufacturing, as well as pharmaceutical products manufacturing, had shown a strong negative trend. January's rise should be seen in the context of the marked decline in production in December, down 2.4% following an upward revision, the economy ministry said commenting on the data.
Investment idea: range 1.0515 - 1.0615.
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