Positive macroeconomic statistics for the euro! | 29 Januari 2021

29 Januari 2021, EUR/USD

Positive macroeconomic statistics for the euro!

EURUSD trading plan:

German annual consumer prices turned positive and rose by far more than expected in January, the Federal Statistics Office said. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries, rose by 1.6% year-on-year after declining by 0.7% in December. "In addition to the changes in VAT rates, the development of consumer prices may also be influenced by other factors such as the CO2 price and the increase in the statutory minimum wage from January 2021," the Statistics Office said in a statement. Positive macroeconomic statistics for the euro!

Investment idea: Buy 1.2090 and take profit 1.2140.

David Johnson
Analyst of «FreshForex» company
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