Good and bad news | 14 August 2020

14 August 2020, EUR/USD

Good and bad news

EURUSD trading plan:

Good and bad news for the European currency. We can expect a decline against the background of positive statistics from the United States. We will receive data on retail sales for July, which may delight investors with strong growth, as the labor market improves in the States. The number of unemployed is declining, and low inflation is driving up consumer spending. This is a positive signal for the dollar! The Federal Reserve has published a schedule of government bond buybacks for the coming week. The maximum volume is today. This is a positive signal for the euro!

Trading recommendation: range 1.1740 -1.1822.

David Johnson
Analyst of «FreshForex» company
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