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Positive macroeconomic statistics from Germany

Positive macroeconomic statistics from Germany | 17 February 2021

17 February 2021, EUR/USD

EURUSD trading plan:

The ZEW said its survey of investors' economic sentiment showed a rise to 71.2 points from 61.8 the previous month."The financial market experts are optimistic about the future. They are confident that the German economy will be back on the growth track within the next six months," ZEW President Achim Wambach said in a statement. "Consumption and retail trade in particular are expected to recover significantly, accompanied by higher inflation expectations," he added. German exports rose in December as solid trade with China and the United States helped the economy as it struggles to grow under the lockdown restrictions.

Investment idea: Buy 1.2080 and take profit 1.2155.

David Johnson
Analyst of «FreshForex» company
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