Negative macroeconomic statistics from Germany | 07 Junio 2019

07 Junio 2019, EUR/USD

EURUSD trading plan:

Negative macroeconomic statistics from Germany will have a negative impact on the value of the Euro. Industrial output declined by 1.9% on the month. Separate data showed exports dropping by 3.7 percent in April, the biggest drop since August 2015. German business is experiencing great problems. This is a negative signal for the Euro zone economy. The reduction of interest rates of the European Central Bank may support German business. The European Central Bank is may lower interest rates in December 2019.

Trading recommendation: Sell 1.1270 and take profit 1.1240.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.