Bad news from Germany | 12 Marzo 2019

EURUSD trading plan:

It's a bad day for the Euro. Traders will actively buy shares and sell the Euro as the ECB is ready to launch LTRO. The ECB zero interest rates force traders to buy shares in the Frankfurt and Paris stock markets. We see a drop in the value of gold-this is a bad signal for the Euro! Look at the news from Germany-it's terrible! Industrial output dropped 0.8 percent in January, well below market expectations for a rise of 0.5 percent, Germany's Statistics Office said. Automobile production fell by 9.2 percent on the month in January, separate data from the Economy Ministry showed.

Trading recommendation: Sell 1.1275 and take profit 1.1240.