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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 31 January 2020

31 January 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

We are expecting an uptrend to develop today. Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The U.S. economy grew 2.3% last year, the Commerce Department said on Thursday. That was the slowest since 2016 and followed the 2.9% notched in 2018. The 3% growth target has remained elusive despite the White House and Republicans' $1.5 trillion tax cut package. Business investment fell at 1.5% rate in the fourth quarter. It was the third straight quarterly decline and the longest such stretch since 2009.

Trading recommendation: Buy 1.1025 and take profit 1.1051.

David Johnson
Analyst of «FreshForex» company
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