Sell on a level breakthrough of 1.0996 with 1.0911 target. Stop loss = 1.1050.
Reason for the trading strategy
In June, Germany's producer price index grew by 0.4% (m/m), but fell by 2.2% in annual terms (y/y). In May, Germany's producer price index grew by 0.2% (m/m) and fell by 2.7% in annual terms. The increasing inflationary pressures in the Eurozone's largest economy does not provide any significant support for the euro. According to the data published by the ZEW German Institute yesterday, the investor sentiment index on the German economy collapsed from 19.2 points in June to -6.8 points in July due to Brexit.
Reason for the trading strategy
In June, Germany's producer price index grew by 0.4% (m/m), but fell by 2.2% in annual terms (y/y). In May, Germany's producer price index grew by 0.2% (m/m) and fell by 2.7% in annual terms. The increasing inflationary pressures in the Eurozone's largest economy does not provide any significant support for the euro. According to the data published by the ZEW German Institute yesterday, the investor sentiment index on the German economy collapsed from 19.2 points in June to -6.8 points in July due to Brexit.
Exness - The euro fell below the level of $1.1
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