Sales of the dollar | 21 June 2019

21 June 2019, EUR/USD

Sales of the dollar

EURUSD trading plan:

Federal Reserve indicated that it was ready to cut interest rates as soon as next month to counter growing risks to global and domestic growth. The decline in the consumer price index makes the Federal Reserve think about lowering interest rates. The yield of ten-year U.S. government bonds fell below 2%. This is a negative signal for the U.S. currency! We are seeing a bullish trend in the commodity market that will have a positive impact on the value of the Euro. The value of gold and oil increases is a good signal for Euro buyers.

Trading recommendation: Buy 1.1285 and take profit 1.1335.

David Johnson
Analyst of «FreshForex» company
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