Negative macroeconomic statistics from Europe | 08 Marzo 2022
08 Marzo 2022, EUR/USD
EURUSD trading plan:
Sentix index for the eurozone fell to -7.0 in March from 16.6 the previous month, hitting its lowest level since November 2020. An expectations sub-index fell to -20.8 in March from 14.0 in February, the lowest reading in nearly a decade and the biggest drop in the Sentix index's 20-year history. Sentix said the eurozone economy was being dramatically hit by the Ukraine crisis, adding that the eastern European region was particularly suffering. This is a negative signal for the European currency.
Investment idea: sell 1.0900 and take profit 1.0844.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
