Good and bad news for the Euro | 03 July 2019

03 July 2019, EUR/USD

EURUSD trading plan:

Good and bad news for the Euro. Bullish rally in the gold market will have a positive impact on the value of the Euro, as there is a correlation between assets. The yield of two-year government bonds is 0.61% lower than the Federal Reserve rate. Investors are expected lower interest rates FOMC it’s July 31. This is a negative signal for the U.S. currency! The bullish rally in the stock markets will have a negative impact on the value of the Euro, as the Euro is the funding currency. The funding currency is inversely correlated with the stock markets.

Trading recommendation: range 1.1260 -1.1340.

David Johnson
Analyst of «FreshForex» company
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