Investors now have no alternative | 28 Marzo 2019
28 Marzo 2019, EUR/USD
EURUSD trading plan:
The negative yield on German government bonds forces capital to withdraw from European assets. Investors are actively buying U.S. government bonds, the yield of which is above 2%. Investors now have no alternative. This is a bad signal for the euro! We are seeing an outflow of capital from emerging markets - the value of bonds of Turkey, Brazil, Mexico and Argentina is falling. Investors close positions in emerging markets and buy the US dollar! The euro is falling in value and now there is no positive news that can change the trend.
Trading recommendation: Sell 1.1263 and take profit 1.1235.
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.
