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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 23 April 2019

23 April 2019, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a negative impact on the value of the dollar. Existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month. February's sales pace was revised down to 5.48 million units from the previously reported 5.51 million units. Sales fell in all four regions of the country last month. Existing home sales, which make up about 90 percent of U.S. home sales, declined 5.4 percent from a year ago. That was the 13th straight year-on-year decrease in home sales. The real estate market is an important element of the American economy! This element is currently experiencing difficulties.

Trading recommendation: Buy 1.1244 and take profit 1.1280.

David Johnson
Analyst of «FreshForex» company
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