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December, 16 - EUR/USD doesn't slip on weak economic data. Why?

And so, economic data from two strongest and biggest economies in Europe. What did it bring to the table today? Well, we can surely day that manufacturing data from Germany was pretty weak and it should have left the mark on EUR/USD couple with euro slipping against the greenback. But, that was not the result in this situation. But why? According to all the rules, weak economic data should have brought EUR/USD plunging down.

 

eurusd 16.12.2019 1

 

Well, it seems that today we were afraid for all the wrong reasons. It is totally possible that we are going to see EUR/USD if not grow, then at least staying at its current positions for the next two weeks – until the end of the year. You see, traders are not as much preoccupied with trading as with their Christmas and New Year’s plans, becoming more and more senseless to the movements of the market.

 

Relaxed trading is going to be the most important trend for the next couple of weeks, so we might relax a little bit in hopes that the market is not going to make any rapid movements. Of course trading signals is one more tool to help us relax these days.

 

 

Lang

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