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Good and bad news for the Euro today

Good and bad news for the Euro today | 14 May 2019

14 May 2019, EUR/USD

Good and bad news for the Euro today

EURUSD trading plan:

Good and bad news for the Euro today. The good news is the bullish trend in the gold market. Euro and gold have a direct correlation. The growth of gold has a positive effect on the value of the Euro. Investors are actively buying the precious metal - gold is trading at the maximum for 4 weeks. The bad news is a new phase of the USA-China trade war. Washington and Beijing are ready to increase trade duties, which may cause a decrease in international trade. The European economy could be severely affected by China's economic downturn. This is a negative signal for the Euro!

Trading recommendation: range 1.1210-1.1280.

David Johnson
Analyst of «FreshForex» company
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