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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 31 March 2020

31 March 2020, EUR/USD

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a negative impact on the value of the European currency. The NAR's pending home sales index increased to a reading of 111.5, up 2.4% from the prior month. January's index was revised slightly to 108.9 from 108.8. Contracts to buy previously owned homes rose for the second straight month. U.S. existing home sales surged to a 13-year high in February, data earlier this month showed. Compared to one year ago, pending sales were up 9.4% in February.

Trading recommendation: Sell 1.1020 and take profit 1.0985.

David Johnson
Analyst of «FreshForex» company
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