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Negative statistics from the United States

Negative statistics from the United States | 30 January 2020

30 January 2020, EUR/USD

Negative statistics from the United States

EURUSD trading plan:

We are expecting an uptrend to develop. In a unanimous decision, the Federal Open Market Committee left its benchmark rate unchanged in the range of 1.5% to 1.75%."The committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the committee's symmetric 2 percent objective," the Fed said in its statement. "The committee will continue to monitor the implications of incoming information for the economic outlook, including global developments and muted inflation pressures, as it assesses the appropriate path of the target range for the federal funds rate," the Fed said. This is a negative signal for the U.S. currency!

Trading recommendation: Buy 1.1008 and take profit 1.1040.

David Johnson
Analyst of «FreshForex» company
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