Negative macroeconomic statistics from Germany | 17 December 2019

17 December 2019, EUR/USD

EURUSD trading plan:

We are expecting a downtrend to develop. The German economy is stagnating. IHS Market recorded a decline in business activity in the industry. The BGA trade association said on Monday that wholesalers planned to cut investments and their tendency to hire new staff had decreased despite expectations that their nominal revenue will rise by 2.3 percent to 1.3 billion euro this year. Demand for “high-yield” assets will have a negative impact on the value of the Euro and gold today. Investors are increasing long positions on “high-yielding” assets after positive trade talks between the United States and China.

Trading recommendation: Sell 1.1135 and take profit 1.1088.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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