Investment had continued to support the EU economic recovery | 13 Julio 2021
13 Julio 2021, EUR/USD
EURUSD trading plan:
Investment had continued to support the EU economic recovery. Housing investment in the first quarter of the year had continued to grow, by 0.5% quarter on quarter, while firms had also flagged significant shortages of labour and materials, as well as a near-record lengthening of supplier delivery times. For business investment, recent data indicated a rebound also in the second quarter of 2021, after a 0.4% quarter-on-quarter contraction in the first quarter. Turning to euro area trade, order-based indicators signalled strong momentum.
Investment idea: buy 1.1848 and take profit 1.1905.
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