Good and bad news | 06 اكتوبر 2020
06 اكتوبر 2020, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. A bullish rally in the precious metals market will have a positive impact on the value of the European currency, as assets are correlated with each other. Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. The Institute for Supply Management said its non-manufacturing activity index rose to a reading of 57.8 last month from 56.9 in August. A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of U.S. economic activity.
Trading recommendation: range 1.1742 -1.1830.
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.
