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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 28 February 2020

28 February 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

The U.S. economy grew moderately in the fourth quarter, the government confirmed. The economy grew by an unrevised 2.3% in 2019, the slowest annual growth in three years and missing the White House's 3% growth target for a second straight year. A key measure of underlying demand -- final sales to domestic purchasers - rose an annualized 1.5% in the fourth quarter, revised from an initially reported 1.6% and the weakest in a year. Financial markets see the coronavirus epidemic as the catalyst that could break the longest economic expansion on record, now in its 11t year.

Trading recommendation: Buy 1.0990 and take profit 1.1011.

David Johnson
Analyst of «FreshForex» company
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