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The end of the trade war is negative for the Euro

The end of the trade war is negative for the Euro | 26 September 2019

26 September 2019, EUR/USD

The end of the trade war is negative for the Euro

EURUSD trading plan:

We are expecting the bearish trend to continue. Investors are increasing short positions on “low-yield assets” - we are seeing sales of the Euro, gold and the Japanese yen. The United States and China may soon end their year-long trade war. Sino-U.S. trade hopes reignited after U.S. President Donald Trump suggested an agreement with China might come sooner than anyone thinks, although he didn't offer many specifics. We are expecting testing of the low of the month which is located at 1.0925.

Trading recommendation: Sell 1.0961 and take profit 1.0925.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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