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The German index during the Asian session broke almost the entire rebound that took place in the European session. At the beginning I was wondering if today’s data should be much better than forecasts because when we expect the situation to deteriorate, the price is falling. The price plummeted and then rose as well. The 30% rule in the formation was kept, so we could play both ways.
Now we can see the first reaction to the support, but GDP for Germany at 0.0% is not an optimistic option for investors in German assets. Personally, I expect a trough test due to the data, but I will make a decision about the direction of the transaction after publication.
