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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 17 July 2019

17 July 2019, EUR/USD

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a negative impact on the value of EURUSD. U.S. retail sales exceeded projections in June. The value of overall sales rose 0.4% after a downwardly revised 0.4% increase the prior month, Commerce Department. Sales in the “control group” subset, which excludes food services, car dealers, building-materials stores and gasoline stations, increased 0.7%, also exceeding projections. The yield of 2-Year US government bonds grow up 1.86%. This is a positive signal for the U.S. currency.

Trading recommendation: Sell 1.1225 and take profit 1.1199.

David Johnson
Analyst of «FreshForex» company
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