Gold can support the Euro | 08 May 2019
08 May 2019, EUR/USD
EURUSD trading plan:
The European Commission predicts GDP growth in the Euro zone in 2019 at 1.2% against the previous forecast of 1.3%.The European Commission predicts inflation in the Euro zone in 2019 at 1.4%. This is a negative factor for the Euro. Investors were waiting for positive forecasts and were disappointed. Gold can support the Euro - we see an increased demand for the precious metal. Investors buy gold against the background of problems in the trade negotiations between the USA and China. Investors now do not want to risk and go to a safe haven.
Trading recommendation: Buy 1.1187 and take profit 1.1228.
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.
