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Negative macroeconomic statistics

Negative macroeconomic statistics | 02 April 2019

02 April 2019, EUR/USD

Negative macroeconomic statistics

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.

David Johnson
Analyst of «FreshForex» company
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