EU economic sentiment was unchanged overall | 28 Abril 2023

EURUSD trading plan:

Euro zone economic sentiment was broadly unchanged overall in April, as a pick-up among consumers and retail and services sectors offset a more gloomy view among manufacturers, while price expectations continued to fall. The European Commission's monthly survey showed that economic sentiment in the 20 countries sharing the euro rose to 99.3 points in April from a downwardly revised 99.2 in March. It was the indicator's fourth consecutive month between 99 and 100. Sentiment in industry slipped for the third straight month, against expectations of a rise, as production expectations and assessments of order books worsened. In services, the biggest sector of the euro zone economy, sentiment rose due to more optimism over past and future demand.

Investment idea: range 1.0970 -1.1070.