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Positive macroeconomic statistics

Positive macroeconomic statistics | 19 March 2019

19 March 2019, EUR/USD

Positive macroeconomic statistics

EURUSD trading plan:

Positive macroeconomic statistics will support the Euro. The EU surplus in goods trade with the United States expanded to 11.5 billion euro in January, from 10.1 billion in January 2018. The bullish trend in the gold and oil markets will have a positive impact on the value of the Euro. Saudi Arabia signaled the producers may need to extend the 1.2 million barrels per day of supply curbs past June into the second half of 2019. This is a positive signal for the oil market! BRENT will test the psychological level of $ 70/barrel in March.

Trading recommendation: Buy 1.1335 and take profit 1.1387.

David Johnson
Analyst of «FreshForex» company
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