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Good news for the Euro

Good news for the Euro | 21 May 2019

21 May 2019, EUR/USD

Good news for the Euro

EURUSD trading plan:

Good news for the Euro. Investors are actively buying gold, silver, palladium, which will have a positive impact on the value of the Euro, as there is a correlation between the instruments. The U.S.-China trade war has been one of the pillars of support for gold this year as investors used the yellow metal as a safe haven in times of both economic and political troubles. Oil prices gained strongly in the four months of 2019, reaching $74.7 in April. Saudi Arabia is keen to protect the downside in oil prices. This is a positive signal for the Euro!

Trading recommendation: Buy 1.1145 and take profit 1.1192.

David Johnson
Analyst of «FreshForex» company
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