Good and bad news for the Euro | 17 Februari 2020

17 Februari 2020, EUR/USD

EURUSD trading plan:

Good and bad news for the Euro. The European Union's statistics office Eurostat said GDP in the 19 countries sharing the euro expanded 0.1% quarter-on-quarter in the October-December period, as announced on Jan 31, for a 0.9% year-on-year gain - a downward revision from the previously estimated 1.0% growth. Growth Germany, the biggest euro zone economy, stagnated. U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities. The Fed said manufacturing production fell 0.1% in January, matching forecasts, but December's manufacturing output was revised lower to a 0.1% gain from a previously reported 0.2% gain. This is a negative signal for the U.S. currency.

Trading recommendation: range 1.0818 -1.0862.

In December we have shared a strategy for gold trading, and FreshForex clients have earned 121% from it. This strategy was suitable for trading in December and January.

Now you can test the new strategy, already in January it showed a return of 19% and is suitable for any season.

How to receive the trading strategy?

1) Fund the account on $100 or more from February 4 to February 29, 2020.

2) send e-mail to [email protected] with the account number, funded on $100 or more.

Make a strong strategic move!

David Johnson
Analyst of «FreshForex» company
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