02 Abril 2021, EUR/USD
EURUSD trading plan:
A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders. The Institute for Supply Management said its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. A reading above 50 indicates expansion in manufacturing, which accounts for 11.9% of the U.S. economy. First-quarter gross domestic product estimates are as high as a 10.0% annualized rate. The economy grew at a 4.3% pace in the fourth quarter. Growth this year could top 7%, which would be the fastest since 1984. Positive macroeconomic statistics from the United States will have a negative impact on the value of the euro.
Investment idea: sell 1.1800 and take profit 1.1755.
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