Good and bad news | 28 أبريل 2020

EURUSD trading plan:

Good and bad news for the European currency. The bearish rally in the precious metals market will have a negative impact on the value of the Euro. The European currency and gold correlated with each other. The precious metal eased after U.S. equities hit the highest in almost seven weeks as states including Florida took steps toward easing restrictions. Investors increase their long positions in stock markets and short positions in the precious metals market. Italy, one of the countries hit hardest, prepared to begin reopening. This is a positive signal for the European currency!

Trading recommendation: range 1.0800 -1.0855.