10 October 2019, EUR/USD
EURUSD trading plan:
We are expecting the bullish rally to continue. The United States will disappoint investors with negative macroeconomic statistics on the consumer price index today. A measure of underlying U.S. producer prices posted the biggest monthly drop in more than four years. The overall producer-price index also dropped 0.3% from August and was up 1.4% from a year earlier. This factor signals a decline in the consumer price index. Low inflation expectations will force the Federal Reserve to cut interest rates at its October 30 meeting.
Trading recommendation: Buy 1.1000 and take profit 1.1030.