Gold can support the Euro | 08 May 2019

08 May 2019, EUR/USD

Gold can support the Euro

EURUSD trading plan:

The European Commission predicts GDP growth in the Euro zone in 2019 at 1.2% against the previous forecast of 1.3%.The European Commission predicts inflation in the Euro zone in 2019 at 1.4%. This is a negative factor for the Euro. Investors were waiting for positive forecasts and were disappointed. Gold can support the Euro - we see an increased demand for the precious metal. Investors buy gold against the background of problems in the trade negotiations between the USA and China. Investors now do not want to risk and go to a safe haven.

Trading recommendation: Buy 1.1187 and take profit 1.1228.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus