Forex Fundamental Analysis – Negative macroeconomic statistics from Europe


EURUSD trading plan:

The European Commission’s monthly survey showed economic sentiment in the 19 countries sharing the euro slipped to 104.0 in June from 105.0 in May. Consumer confidence slipped to -23.6 from -21.2 and retail trade sentiment to -5.1 from -4.2. Households had a more pessimistic view on the economy over the past and coming year as well as their prospects of making major purchases and savings. Sentiment slipped in the euro zone’s five largest economies, most markedly in the Netherlands. Consumer inflation expectations, which reached an all-time high in March, continued to decline, slipping to 42.6 in June from 45.5 in May.

Investment idea: sell 1.0478 and take profit 1.0410.

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