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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 22 January 2020

22 January 2020, EUR/USD

EURUSD trading plan:

We are expecting an uptrend to develop. Positive macroeconomic statistics from Germany will have a positive impact on the value of the Euro. Investor confidence in Germany’s growth outlook rose to the highest in more than four years years after easing trade tensions bolstered prospects for the country’s ailing manufacturers. The surge in sentiment follows a report by the Bundesbank on Monday indicating manufacturing could bottom out at the start of the year. The U.S. and China signed a preliminary trade deal last week.

Trading recommendation: Buy 1.1075 and take profit 1.1110.

David Johnson
Analyst of «FreshForex» company
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