Forex Fundamental Analysis – Negative macroeconomic statistics from the United States


EURUSD trading plan:

Investors again received a portion of negative macroeconomic statistics from the United States. The wholesale inventories increased by the most in more than five years in December as sales fell for a third straight month, suggesting an unintended piling up of goods at wholesalers that could be flagging a slowdown in demand. Sales at wholesalers dropped 1.0 percent in December after falling 1.2 percent in November. This is sign of weaker demand and slow GDP growth in the first quarter. Bad news from the U.S. will support the Euro.

Trading recommendation: Buy 1.1345 and take profit 1.1415.

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