EU economic growth slowed sharply | 16 Februari 2022

EURUSD trading plan:

Euro zone economic growth slowed sharply quarter-on-quarter. The European Union's statistics office Eurostat confirmed its earlier estimate that gross domestic product in the 19 countries sharing the euro rose 0.3% quarter-on-quarter in the October-December period for a 4.6% year-on-year increase. Adjusted for seasonal swings, the euro zone trade deficit was even larger at 9.7 billion euros in December, up from a 1.8 billion gap in November and surpluses throughout the rest of 2021. The more expensive energy boosted the European Union's energy trade deficit to a whopping 276.7 billion euros in 2021, up from 157.2 billion in 2020.

Investment idea: sell 1.1375 and take profit 1.1310.