Geopolitical tensions | 25 Juni 2020

25 Juni 2020, EUR/USD

EURUSD trading plan:

German business morale posted its strongest rise in June - Ifo said its survey of companies showed the business climate index surging to 86.2 from an upwardly revised 79.7 in May - the largest surge since records started after reunification in 1990. "Companies' assessments of their current situation were somewhat better. Moreover, their expectations leaped higher. German business sees light at the end of the tunnel," Ifo President Clemens Fuest said. Geopolitical tensions between the United States and the European Union will have a negative impact on the value of the euro. The United States has added items valued at $3.1 billion to a list of European goods eligible to be hit with import duties. This is a negative signal for the European economy!

Trading recommendation: range 1.1200 -1.1280.

David Johnson
Analyst of «FreshForex» company
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