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German investor sentiment was less pessimistic

German investor sentiment was less pessimistic | 19 October 2022

19 October 2022, EUR/USD

German investor sentiment was less pessimistic

EURUSD trading plan:

German investor sentiment was less pessimistic than expected in October, even as the view of the current economic situation left little room for optimism following a tumble in confidence the month before. The ZEW economic research institute said its economic sentiment index grew slightly in October, to -59.2, from -61.9 in September. Based on a proposal from an expert commission, the German government will give households and small and medium businesses a one-off payment worth one month's gas bill this year and will then impose a mechanism to limit prices from March.

Investment idea: buy 0.9805 and take profit 0.9880.

David Johnson
Analyst of «FreshForex» company
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