The end of the trade war is negative for the Euro | 26 سبتمبر 2019
26 سبتمبر 2019, EUR/USD
EURUSD trading plan:
We are expecting the bearish trend to continue. Investors are increasing short positions on “low-yield assets” - we are seeing sales of the Euro, gold and the Japanese yen. The United States and China may soon end their year-long trade war. Sino-U.S. trade hopes reignited after U.S. President Donald Trump suggested an agreement with China might come sooner than anyone thinks, although he didn't offer many specifics. We are expecting testing of the low of the month which is located at 1.0925.
Trading recommendation: Sell 1.0961 and take profit 1.0925.
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.
