17 2月 2020, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. The European Union's statistics office Eurostat said GDP in the 19 countries sharing the euro expanded 0.1% quarter-on-quarter in the October-December period, as announced on Jan 31, for a 0.9% year-on-year gain - a downward revision from the previously estimated 1.0% growth. Growth Germany, the biggest euro zone economy, stagnated. U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities. The Fed said manufacturing production fell 0.1% in January, matching forecasts, but December's manufacturing output was revised lower to a 0.1% gain from a previously reported 0.2% gain. This is a negative signal for the U.S. currency.
Trading recommendation: range 1.0818 -1.0862.
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