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Negative macroeconomic statistics from Germany

Negative macroeconomic statistics from Germany | 07 June 2019

07 June 2019, EUR/USD

EURUSD trading plan:

Negative macroeconomic statistics from Germany will have a negative impact on the value of the Euro. Industrial output declined by 1.9% on the month. Separate data showed exports dropping by 3.7 percent in April, the biggest drop since August 2015. German business is experiencing great problems. This is a negative signal for the Euro zone economy. The reduction of interest rates of the European Central Bank may support German business. The European Central Bank is may lower interest rates in December 2019.

Trading recommendation: Sell 1.1270 and take profit 1.1240.

David Johnson
Analyst of «FreshForex» company
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