EURUSD – Up
EURUSD trading plan:
German consumer prices, harmonised to compare with other European Union countries, rose by 9.6% on the year in December, preliminary data from the Federal Statistics Office showed. October saw the highest reading since comparable data going back to 1996, with harmonized price index up 11.6% on the year. November saw a slight easing, with an increase of 11.3%. A one-off payment for household energy bills in December, part of government efforts to shield consumers, had a downward effect on prices, according to the statistics office. German unemployment fell in December, Labour Office figures showed. The Federal Labour Office said the number of people out of work decreased by 13,000 in seasonally adjusted terms to 2.52 million.
Investment idea: buy 1.0511 and take profit 1.0610.
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