The bearish rally | 27 November 2019

27 November 2019, EUR/USD

The bearish rally

EURUSD trading plan:

We are expecting a bearish rally. Investors are increasing short positions in the precious metals market after positive trade talks between the United States and China. Donald Trump said Washington was in the "final throes" of work on a trade deal with Beijing. We are expecting a trade agreement between the United States and China in December. This is a negative signal for “low-yielding” assets: the Euro, gold and the Japanese yen. Investors buy “high-yielding” assets and sell “low-yielding” assets.

Trading recommendation: Sell 1.1015 and take profit 1.0989.

TRADE OILS WITHOUT SWAPS!

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