German Trade Balance Rises 22.8 B, Sell EURUSD Around 1.1225 !

Forex G trade
Forex G trade
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.

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