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EUR/USD Signal in Profit – German Economic Sentiment Rises

A day before, we opened a forex trading signal in the EUR/USD to buy above $1.1339 with a stop loss below $1.1299 and take profit around $1.1369. The recent bullish wave came in response to better than anticipated German ZEW Economic Sentiment.

As per the recent results, the ZEW Indicator of Economic Sentiment for Germany registered a strong gain of 9.8 points in March 2019, with the corresponding indicator climbing to a level of minus 3.6 points. As you know, the indicator is a survey of about 300 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany. So here we found that the investors seem fine with the ongoing economic activity in Eurozone and they are expecting betterment in the upcoming 6 months.

With that, EUR/USD is also taking a bullish lead. The forex trading signal is floating in profit now and is very likely to hit our take profit at $1.1369.

The candlestick pattern of white soldiers is indicating a bullish bias in the market. So let’s wait for the take profit with a breakeven stop loss to secure yourself against any reversal.

Good luck!

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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