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The dollar got some good news

The dollar got some good news | 01 March 2019

01 March 2019, EUR/USD

The dollar got some good news

EURUSD trading plan:

Inflation in Germany held steady in February as the economy and the broader euro area grapple with an ongoing slowdown. Consumer prices rose an annual 1.7%. This is a neutral factor for the Euro. Investors were waiting for this outcome. The United States has pleased investors with positive macroeconomic statistics. The Bureau of Economic Analysis U.S. said that gross domestic product registered a seasonally-adjusted annual rate of 2.6% growth in the final three months of 2018. Investors sell gold - it will provide support for the Euro sellers.

Trading recommendation: Sell 1.1395 and take profit 1.1360.

David Johnson
Analyst of «FreshForex» company
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