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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 09 Julio 2019

09 Julio 2019, EUR/USD

Positive macroeconomic statistics from Germany

EURUSD trading plan:

Positive macroeconomic statistics from Germany will have a positive impact on the value of the Euro. German exports rebounded more strongly than expected in May- the indicator increased by 1.1%. Trade conflicts, Britain's expected departure from the EU and a cooling global economic outlook are causing headaches for Germany business. We are expecting the continuation of the bullish rally in the oil market, which will have a positive impact on the value of the Euro. The tension in the Middle East remained in focus after Iran admitted over the weekend that it had increased uranium enrichment beyond the purity threshold agreed in a nuclear deal.

Trading recommendation: Buy 1.1205 and take profit 1.1244.

David Johnson
Analyst of «FreshForex» company
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