Good news for the Euro | 23 مايو 2019
23 مايو 2019, EUR/USD
EURUSD trading plan:
Good news for the Euro. The first positive news is the growth of business activity in German industry. Investors expect a positive release of Manufacturing PMI. In the last month of spring, the industry traditionally shows growth - this is a seasonal factor. The second positive news is a negative release on real estate sales in the United States. New home sales are declining amid high mortgage rates. Mortgage lending is a major element of buying real estate in the United States. This is a negative signal for the U.S. dollar.
Trading recommendation: Buy 1.1142 and take profit 1.1179.
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.
