re: FreshForex - freshforex.com
The Euro forms the new low
Euro
The Italian trade balance for April showed a decline from 3.89 billion euro to 3.51 billion vs. 4.27 billion. The business sentiment index in Germany ZEW, as we expected, came out with a significant decrease from 33.1 to 29.8 - a trend that lasted six months and worsened since the development of events in Ukraine is not on the European scenario.
Trading recommendations
We advise to short with the first target - 1.3490. When the pair consolidates below the first target, we can open deals to the level of 1.3435.
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