12 February 2020, EUR/USD
EURUSD trading plan:
We expect a downtrend to develop. Investors are increasing their short positions in the precious metals market. This is a negative signal for the Euro, since the European currency is correlated with gold. Gold lost some of its shine as a hedge to the coronavirus crisis after Federal Reserve Chairman Jay Powell said the U.S. economy has been fairly resilient against the pandemic. “We have to resist the temptation to speculate on this and so we’ll be watching that carefully again, and the question we’ll be asking is ‘will these be persistent effects that could lead to a material assessment’?” Jay Powell said. “I think it’s just too early to say."
Trading recommendation: Sell 1.0920 and take profit 1.0900
In December we have shared a strategy for gold trading, and FreshForex clients have earned 121% from it. This strategy was suitable for trading in December and January.
Now you can test the new strategy, already in January it showed a return of 19% and is suitable for any season.
How to receive the trading strategy?
1) Fund the account on $100 or more from February 4 to February 29, 2020.
2) send e-mail to school@freshforex.com with the account number, funded on $100 or more.
Make a strong strategic move!
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