Positive macroeconomic statistics from the Euro zone | 31 Juli 2020

31 Juli 2020, EUR/USD

Positive macroeconomic statistics from the Euro zone

EURUSD trading plan:

Positive macroeconomic statistics from the Euro zone force investors to increase their long positions in the European currency. The European Commission said economic sentiment rose to 82.3 points in July from an upwardly revised 75.8 in June, beating investor’s expectations of an increase to 81.0. Selling price expectations in industry, which slumped dramatically at the start of the pandemic in March, April and May, also rose sharply in July to -1.0 from -4.4 in June. Separately, the European Union's statistics office said euro zone unemployment rose to 7.8% of the workforce in June, up from an upwardly revised 7.7% in May. This is a moderately negative signal.

Trading recommendation: Buy 1.1866 and take profit 1.1920.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus