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Negative macroeconomic statistics from Europe

Negative macroeconomic statistics from Europe | 08 March 2022

08 March 2022, EUR/USD

Negative macroeconomic statistics from Europe

EURUSD trading plan:

Sentix index for the eurozone fell to -7.0 in March from 16.6 the previous month, hitting its lowest level since November 2020. An expectations sub-index fell to -20.8 in March from 14.0 in February, the lowest reading in nearly a decade and the biggest drop in the Sentix index's 20-year history. Sentix said the eurozone economy was being dramatically hit by the Ukraine crisis, adding that the eastern European region was particularly suffering. This is a negative signal for the European currency.

Investment idea: sell 1.0900 and take profit 1.0844.

David Johnson
Analyst of «FreshForex» company
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