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The positive day for the Euro

The positive day for the Euro | 18 May 2021

18 May 2021, EUR/USD

The positive day for the Euro

EURUSD trading plan:

Dallas Federal Reserve President Robert Kaplan on Monday reiterated his view that he does not expect interest rates to rise until next year. The benchmark 10-year U.S. Treasury yield stood at 1.64%, extending a pullback from a five-week high reached last week. This is a negative signal for the US currency. The bullish rally in the gold market will provide additional support for the euro. Spot gold traded around $1,870 an ounce, near a three-and-a-half month high, after the Empire State Manufacturing Survey, produced by the New York Fed, showed the highest prices paid since the series began in 2001.

Investment idea: buy 1.2166 and take profit 1.2220.

David Johnson
Analyst of «FreshForex» company
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