Positive macroeconomic statistics from the Euro zone | 31 Julio 2020

31 Julio 2020, EUR/USD

Positive macroeconomic statistics from the Euro zone

EURUSD trading plan:

Positive macroeconomic statistics from the Euro zone force investors to increase their long positions in the European currency. The European Commission said economic sentiment rose to 82.3 points in July from an upwardly revised 75.8 in June, beating investor’s expectations of an increase to 81.0. Selling price expectations in industry, which slumped dramatically at the start of the pandemic in March, April and May, also rose sharply in July to -1.0 from -4.4 in June. Separately, the European Union's statistics office said euro zone unemployment rose to 7.8% of the workforce in June, up from an upwardly revised 7.7% in May. This is a moderately negative signal.

Trading recommendation: Buy 1.1866 and take profit 1.1920.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus