Negative macroeconomic statistics from the United States | 17 اكتوبر 2019

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. U.S. retail sales unexpectedly posted the first decline in seven months - value of overall sales fell 0.3% in September. Sales in the “control group” subset, which some traders view as a more reliable gauge of underlying consumer demand, were little changed. The measure excludes food services, car dealers, building-materials stores and gasoline stations. Investors are expected the Federal Reserve to cut interest rates at its October 30 meeting. This is a negative signal for the U.S. dollar!

Trading recommendation: Buy 1.1060 and take profit 1.1100.

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