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The negative signal for the U.S. currency

The negative signal for the U.S. currency | 03 June 2019

03 June 2019, EUR/USD

The negative signal for the U.S. currency

EURUSD trading plan:

The low consumer price index in the United States indicates a decrease in interest rates of the Federal Reserve. This is a negative signal for the U.S. currency. Inflation remains below the U.S. central bank's 2.0% target. That, together with the slowing economy, has increased calls, including from President Donald Trump, for the Fed to cut interest rates. A much weaker inflation pulse than initially thought in the first quarter had led traders to anticipate that the annual core PCE price index would remain at 1.5% in April.

Trading recommendation: Buy 1.1160 and take profit 1.1201.

David Johnson
Analyst of «FreshForex» company
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