Europe’s largest economy releases its Producer Price Index (PPI) today at 6:00 GMT. German PPI is predicted to fall by 0.1%, exactly like last month. The currency pair EUR/USD could go down to a level of 1.3950
The current account will be released today at 8:00 GMT and it looks also to be negative for the European currency since the forecast indicates a deficit grow to about 1.7 billion.
Comment:
EUR/USD position bought at 1.4110 at 5:55 GMT and position sold at 1.4090 at 6:60 GMT (profit of 20 pips)
