EURUSD – Up
EURUSD trading plan:
Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year, according to the forecasts of leading economic institutes published. For 2023 as a whole, they expect the German economy to grow 0.3%, up from a predicted contraction of 0.4% in autumn. The economic institutes predict an inflation rate of 6.0% in 2023, before it slows to 2.4% in 2024. They forecast that unemployment will be at 5.4% this year and at 5.3% in 2024. The impact of the weakening of the economy during the winter on the labour market will be limited.
Investment idea: buy 1.0909 and take profit 1.0974.
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