German GDP not meeting expectations

Tuesday, 15/08/2017 | 11:39 GMT

Disclaimer

From the beginning of August the currency pair EUR/USD has been playing downward trend, which had been caused by the US reports expectations. However, today the same downward trend has been caused by data from Germany. GDP for the second quarter has been reported to be low: it has turned out to be 0,1% lower than expected.

This is why Larson&Holz analysts advise traders to sell EUR/USD from 1,1750 to 1,1680.

Larson&Holz Review

Disclaimer

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}