Positive macroeconomic statistics from Germany | 22 January 2020
22 January 2020, EUR/USD
EURUSD trading plan:
We are expecting an uptrend to develop. Positive macroeconomic statistics from Germany will have a positive impact on the value of the Euro. Investor confidence in Germany’s growth outlook rose to the highest in more than four years years after easing trade tensions bolstered prospects for the country’s ailing manufacturers. The surge in sentiment follows a report by the Bundesbank on Monday indicating manufacturing could bottom out at the start of the year. The U.S. and China signed a preliminary trade deal last week.
Trading recommendation: Buy 1.1075 and take profit 1.1110.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
