05 January 2021, EUR/USD
EURUSD trading plan:
Manufacturers in the euro zone ended 2020 on a high, with activity in the sector increasing at its fastest pace since mid-2018. IHS Markets’ final Manufacturing Purchasing Managers' Index rose to 55.2 in December from November's 53.8. Anything above 50 indicates growth, and December was the highest reading since May 2018. An index measuring output, and which feeds into a composite PMI due on Wednesday that is seen as a good guide to economic health, rose to 56.3 from 55.3. This is a positive signal for the euro! Additional support for the euro will be provided by a bullish rally in the precious metals market. Gold jumped 2%, surpassing the $1,930 mark and seeing their highest level in eight weeks.
Investment idea: Buy 1.2230 and take profit 1.2280.
en 
id 
ar 
ru 
vn 
es 
pt 
kz 
ua 
tj 
uz 
az 
ms 