The stagnation | 01 May 2023

EURUSD trading plan:

The euro zone grew only marginally in the first three months of 2023 and at a rate lower than market expectations after stagnation at the end of last year, preliminary data showed. Gross domestic product in the euro zone expanded by 0.1% in the first quarter. Among the bloc's biggest countries, Germany registered no growth after contraction in the final quarter of 2022. The economies of France, Italy and Spain did expand. But even if the bloc is doing better than feared, growth in 2023 will be among the weakest on record due to a large drop in real incomes and surging interest rates.

Investment idea: range 1.0980 -1.1080.