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The positive macroeconomic statistics

The positive macroeconomic statistics | 26 Juli 2021

26 Juli 2021, EUR/USD

The positive macroeconomic statistics

EURUSD trading plan:

Euro zone business activity grew at the fastest rate for 21 years in July as the economy continued to reopen from COVID-19 restrictions. The July reading indicated a fourth consecutive month of accelerating business activity. This acceleration of growth has coincided with a steady easing of COVID-19 restrictions from a peak in April to the lowest since the pandemic began in July. A further increase in demand was also recorded, boding well for the strong upturn to be sustained into August, as new order growth measured across both manufacturing and services accelerated to the fastest since May 2000. This is a positive macroeconomic statistics for the European currency!

Investment idea: buy 1.1750 and take profit 1.1800.

David Johnson
Analyst of «FreshForex» company
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