Negative macroeconomic statistics | 02 April 2019
02 April 2019, EUR/USD
EURUSD trading plan:
The Euro zone has disappointed investors with negative macroeconomic statistics. The consumer price index showed annual inflation fell to 1.4% from 1.5% in February, the bloc’s statistics agency Eurostat said. Core inflation, which excludes energy, food, alcohol and tobacco prices, slowed to an annual rate of 0.8% from a revised 1% in February. That is well below the level targeted by the European Central Bank, which aims for an inflation rate of just under 2% in the medium term. This is a bad signal for the single European currency!
Trading recommendation: Sell 1.1230 and take profit 1.1205.
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.
