Acceleration of the economic growth in the eurozone

02.06.2021

On the eve, the US Treasury completed auctions for the placement of treasury bonds, and now, until June 15, the department will not withdraw liquidity from the financial system in large volumes, which is positive for the euro. Markit’s European industrial PMI data points to an acceleration of economic growth in the eurozone.

The European Manufacturing PMI has outpaced the comparable figure of the United States for the past three months. Christine Lagarde promised us in April that soon we will see an acceleration of economic growth in the eurozone and it should be noted that the head of the ECB did not deceive us.

Trading recommendation: Buy 1.2200/1.2180 and take profit 1.2250.