Negative signals for the European currency | 01 Abril 2022
01 Abril 2022, EUR/USD
EURUSD trading plan:
The sharp increase in the yield of American Treasuries has led to a fall in the yield spread between short-term EU and US government bonds, which signals a continuation of the downtrend in the European currency. German retail sales came in slightly below traders' forecasts in February as the sector continues to recover despite some pandemic restrictions remaining in force, data showed. The Federal Statistics Office said retail sales were up 0.3%on the month in real terms. This is a negative signal for the European currency.
Investment idea: sell 1.1080 and take profit 1.1000.
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.
