The Trade Balance measures the difference in worth between exported and imported goods over the month. A positive number indicates that more goods were exported than imported.
The German Trade Balance rose 22.8 B, from 22.1 B in the previous month, the indicator was expected to rise to 22.3 B in the last month.
Market Impact:
This development could push the pair for retesting main resistance on the daily time frame at the 1.1225 levels before the next fall, minor support comes around 1.1160 levels.
Recommended Reading
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