Good and bad factors for the euro | 12 August 2019

12 August 2019, EUR/USD

Good and bad factors for the euro

EURUSD trading plan:

Good and bad factors for the euro. A good factor is the increase in the long positions of investment funds. CFTC reports record the inflow of capital into the single European currency. A bad factor is the political crisis in Italy. The leader of the ruling party called for early elections. This is a decision to provoke a crisis in the government. The Italian political crisis caused the sale of the Euro in the summer of 2018. The situation may repeat itself!? The down in the value of gold will have a negative impact on the euro, as the assets are correlated.

Trading recommendation: range 1.1150-1.1240.

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