The rise in the euro zone composite PMI | 25 Maret 2021

25 Maret 2021, EUR/USD

EURUSD trading plan:

Euro zone business activity unexpectedly grew in March, a preliminary survey showed. IHS Markit's flash composite PMI, seen as a good guide to economic health, bounced above the 50 mark separating growth from contraction, to 52.5 in March compared to February's 48.8, it’s highest since late 2018. Indicating Europe's largest economy was so far shrugging off pandemic lockdowns, German factory activity rose to a record high and the services sector expanded after five successive months of contractions. In France, the 19-country euro zone's second-largest economy, activity held up better than expected, with manufacturing surging ahead at the fastest pace in more than three years.

Investment idea: buy 1.1800 and take profit 1.1840.

David Johnson
Analyst of «FreshForex» company
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