Positive macroeconomic statistics from Germany | 04 Abril 2023
04 Abril 2023, EUR/USD
EURUSD trading plan:
German exports rose significantly more than expected in February due to strong demand from the United States and China, posting their biggest increase in 10 months, fresh data showed. Exports increased by 4.0% on the previous month, the federal statistics office said. The exports business is benefiting from better functioning supply chains and the opening of the Chinese economy. Imports grew by 4.6% compared with January, the office reported, versus analysts' expectations for a 1.0% rise. The increase follows five consecutive monthly contractions.
Investment idea: buy 1.0867 and take profit 1.0929.
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.
