Thursday has a large batch of German economic data. Here's how to trade the euro on the news.
Here’s the information for today’s EUR trade. This isn’t a complicated strategy: go with the trend until proven wrong.
Thursday has a large batch of German economic data :
Q1 final GDP is expected to be +1.7%
May PMI manufacturing is expected to be 47.0
May PMI services is expected to be 52.0
If any of these miss, we want to sell the euro against the dollar. The trend is down and the market will attempt to sell all rallies.
Trade sell EUR/buy USD
While the entry point may seem impossible to reach, here’s how it could happen: outside reversal day. If we get an outside reversal, this is the trade you want.Page 1 of 3 | Next Page