Positive macroeconomic statistics for the euro! | 29 يناير 2021

29 يناير 2021, EUR/USD

Positive macroeconomic statistics for the euro!

EURUSD trading plan:

German annual consumer prices turned positive and rose by far more than expected in January, the Federal Statistics Office said. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries, rose by 1.6% year-on-year after declining by 0.7% in December. "In addition to the changes in VAT rates, the development of consumer prices may also be influenced by other factors such as the CO2 price and the increase in the statutory minimum wage from January 2021," the Statistics Office said in a statement. Positive macroeconomic statistics for the euro!

Investment idea: Buy 1.2090 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
Close
الدخول