Good and bad news

14 August 2019, EUR/USD

Good and bad news

EURUSD trading plan:

Good and bad news for the euro. The good news is the bullish rally in the oil market as the euro and BRENT correlate. A Trump Administration decision to delay the imposition of tariffs on goods imported from China it had a positive impact on the cost of oil. BRENT fixed above the psychological level of 60.00. The bad news is the positive macroeconomic statistics from the United States on inflation for July. The consumer price index increased 0.3% last month, lifted by gains in the cost of energy products and a range of other goods, the government said. The CPI had edged up 0.1% for two straight months. In the 12 months through July, the CPI increased 1.8%.

Trading recommendation: range 1.1150 -1.1215.

David Johnson
Analyst of «FreshForex» company
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