Good news and bad news | 20 سبتمبر 2019
20 سبتمبر 2019, EUR/USD
EURUSD trading plan:
Good news and bad news for the euro. The good news is a bullish rally in the oil market. The price of oil has increased by 7% this week. Drone attack on Saudi Arabia’s major oil facilities last weekend escalated tensions in the Middle East. The U.S. and Saudi Arabia blamed Iran for the assault, but Tehran denied any involvement. President Donald Trump reportedly ordered the U.S. Treasury to "substantially increase sanctions" on Tehran. We are expecting the growth of BREXNT quotations in the area of$ 65 per barrel. The bad news is the demand for “high-yield assets”. The truce in the US-China trade war is forcing investors to get rid of "low-yield assets", which include the euro and gold.
Trading recommendation: range 1.1020 -1.1100.
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.
