07 Septiembre 2021, EUR/USD
EURUSD trading plan:
German industrial orders unexpectedly surged in July. The figures published by the Federal Statistics Office showed orders for goods 'Made in Germany' rose by 3.4% on the month in seasonally adjusted terms. Orders from the euro area fell by 4.1%, while orders from the rest of the world rose by 15.7%, mainly due to large orders from the shipbuilding sector. German manufacturers struggled to meet strong demand for industrial goods in August as supply shortages for raw materials and components such as semiconductors held back production and pushed up prices. The government expects the economy to grow 3.5% this year and 3.6% next.
Investment idea: buy 1.1851 and take profit 1.1905.
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