28 December 2022, EUR/USD
EURUSD trading plan:
German companies expect only a mild recession next year despite headwinds from the energy crisis, raw material shortages and a tepid global economy, a fresh survey of major associations published showed. "The last quarter of 2022 and the start of 2023 are likely to be accompanied by a decline in economic activity," said Siegfried Russwurm, president of the Federation of German Industries. "However, we expect only a slight slump." Inflation slowed slightly to 11.3% in November from a high of 11.6% the month prior as energy prices eased. The German government has predicted the economy will grow by 1.4% this year and contract by 0.4% next year.
Investment idea: buy 1.0620 and take profit 1.0690.
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