03 December 2020, EUR/USD
EURUSD trading plan:
Euro zone producer prices rose more than expected month-on-month in October and unemployment fell as the economy continued to recover before the second wave of the COVID-19 pandemic struck. The European Union's statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose 0.4% month-on-month for a 2.0% year-on-year decline. Eurostat said euro zone unemployment fell by 86,000 people to 13.825 million or 8.4% of the workforce from 8.5% in September. Positive news for the European currency!
Investment idea: Buy 1.2100 and take profit 1.2140.