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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 01 April 2019

01 April 2019, EUR/USD

Positive macroeconomic statistics from the United States

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a positive impact on the value of the American currency. The Commerce Department said on Friday new home sales rose 4.9 percent to a seasonally adjusted annual rate of 667,000 units last month, the highest level since March 2018. January's sales pace was revised up to 636,000 units from the previously reported 607,000 units. Mortgage rates have been declining since the Federal Reserve signaled a long pause in interest rates increases this year. The real estate market is an important element of the American economy. This is a positive signal for the dollar!

Trading recommendation: Sell 1.1250 and take profit 1.1220.

David Johnson
Analyst of «FreshForex» company
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