Good and bad news | 28 اكتوبر 2020

EURUSD trading plan:

Good and bad news for the Euro. U.S. consumer confidence fell in October, in line with expectations that economic activity would slow in the fourth quarter as the boost from fiscal stimulus fades. The Conference Board said on Tuesday its consumer confidence index slipped to reading of 100.9 this month from 101.3 in September. Traders had forecast the index rising to a reading of 102.0 in October. This is a positive signal for the Euro. High dollar interest rates in the interbank lending market in London signal a demand for liquidity. This is a negative signal for the European currency.

Trading recommendation: range 1.1750 -1.1815.