03 May 2019, EUR/USD
EURUSD trading plan:
Germany disappointed investors with negative macroeconomic statistics. The Markit industrial Purchasing Manager Index rose by 0.3 to 44.4 points for the first time in nine months. However, with a level of still less than 50 counters, the Barometer signals shrinking businesses and has thus been below the growth threshold since the beginning of the year. At 47.9 points, the Euro Zone Industry Index also shows worse business for the third month in a row. This is a negative factor for the Euro. Report Non-Farm Employment Change USA it may come out better than the median forecasts, which will have a positive impact on the value of the dollar.
Trading recommendation: Sell 1.1180 and take profit 1.1150.
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