Negative macroeconomic statistics from Europe | 15 Junio 2020

EURUSD trading plan:

The European Union's statistics office said industrial output in the 19 countries sharing the euro fell 17.1% month-on-month for a 28.0% year-on-year drop, the steepest declines since records began in 1991. The sectors that suffered most were durable consumer goods, where output plunged 28.9% month-on-month for a 47.7% year-on-year drop and capital goods, with a 26.6% monthly and 40.9% annual decline. The euro zone's biggest economy, Germany, saw a 30.2% fall in industrial output year-on-year. The second and third biggest, France and Italy, showed production shrinking even more - 34.9% and 42.5% respectively. The fourth biggest economy, Spain, had a 34.3% fall.

Trading recommendation: Sell 1.1250 and take profit 1.1215.