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Positive news for the European currency!

Positive news for the European currency! | 03 December 2020

03 December 2020, EUR/USD

EURUSD trading plan:

Euro zone producer prices rose more than expected month-on-month in October and unemployment fell as the economy continued to recover before the second wave of the COVID-19 pandemic struck. The European Union's statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose 0.4% month-on-month for a 2.0% year-on-year decline. Eurostat said euro zone unemployment fell by 86,000 people to 13.825 million or 8.4% of the workforce from 8.5% in September. Positive news for the European currency!

Investment idea: Buy 1.2100 and take profit 1.2140.

David Johnson
Analyst of «FreshForex» company
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