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Positive macroeconomic statistics from the euro area

Positive macroeconomic statistics from the euro area | 15 June 2021

15 June 2021, EUR/USD

Positive macroeconomic statistics from the euro area

EURUSD trading plan:

The European Union's statistics office Eurostat said industrial output in the 19 countries sharing the euro rose 0.8% month-on-month for a 39.3% year-on-year surge. The biggest production gain in April against March was in durable consumer goods, where output rose 3.4% after 1.2% monthly declines in both February and March. In year-on-year terms, the gain in durable consumer goods output was a spectacular 117.3% after a 34.5% annual rise in March, with capital goods also surging 65.4% year-on-year and intermediate goods up 38.7%.

Investment idea: buy 1.2113 and take profit 1.2165.

David Johnson
Analyst of «FreshForex» company
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