Negative macroeconomic statistics from the USA | 22 مايو 2019
22 مايو 2019, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. Existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month. March's sales pace was unrevised at 5.21 million units. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago, the 14th straight annual decrease. Investors were waiting for a positive release and were upset. The real estate market is an important element of U.S. GDP. The bad news indicates an economic downturn.
Trading recommendation: Buy 1.1145 and take profit 1.1185.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
