Forex Fundamental Analysis – German investor sentiment was less pessimistic

EURUSD – Up

EURUSD trading plan:

German investor sentiment was less pessimistic than expected in October, even as the view of the current economic situation left little room for optimism following a tumble in confidence the month before. The ZEW economic research institute said its economic sentiment index grew slightly in October, to -59.2, from -61.9 in September. Based on a proposal from an expert commission, the German government will give households and small and medium businesses a one-off payment worth one month’s gas bill this year and will then impose a mechanism to limit prices from March.

Investment idea: buy 0.9805 and take profit 0.9880.

You may check other analytical reviews on FreshForex website. Source: freshforex.com.