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ECB against euro

ECB against euro | 16 August 2019

16 August 2019, EUR/USD

ECB against euro

EURUSD trading plan:

ECB governing council member Olli Rehn offers actively stimulate the economy. Olli Rehn spoke about the need to reduce interest rates and repurchase bonds. This is a negative signal for the euro! Stimulation of the economy by the ECB always contributes to the sale of the euro. Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. Retail sales increased 0.7% last month after gaining 0.3% in June. Excluding automobiles, gasoline, building materials and food services, retail sales jumped 1.0% last month after advancing by 0.7% in June.

Trading recommendation: Sell 1.1118 and take profit 1.1080.

David Johnson
Analyst of «FreshForex» company
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