Positive news for the European currency! | 03 ديسمبر 2020

03 ديسمبر 2020, EUR/USD

EURUSD trading plan:

Euro zone producer prices rose more than expected month-on-month in October and unemployment fell as the economy continued to recover before the second wave of the COVID-19 pandemic struck. The European Union's statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose 0.4% month-on-month for a 2.0% year-on-year decline. Eurostat said euro zone unemployment fell by 86,000 people to 13.825 million or 8.4% of the workforce from 8.5% in September. Positive news for the European currency!

Investment idea: Buy 1.2100 and take profit 1.2140.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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