Bad news for the dollar | 04 Abril 2019
04 Abril 2019, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from the United States will have a negative impact on the value of the dollar. The Institute of Supply Management said its non-manufacturing purchasing managers’ index (PMI) fell to 56.1, its lowest since August 2018. The new orders index, the most forward-looking element of the survey, fell to 59.0 from 65.2 the previous month. This is bad for the U.S. economy - the service sector is the basis of the economy. The FED needs to lower interest rates to change the negative trend in the economy.
Trading recommendation: Buy 1.1225 and take profit 1.1270.
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.
