Good and bad news for the Euro today | 14 May 2019
14 May 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro today. The good news is the bullish trend in the gold market. Euro and gold have a direct correlation. The growth of gold has a positive effect on the value of the Euro. Investors are actively buying the precious metal - gold is trading at the maximum for 4 weeks. The bad news is a new phase of the USA-China trade war. Washington and Beijing are ready to increase trade duties, which may cause a decrease in international trade. The European economy could be severely affected by China's economic downturn. This is a negative signal for the Euro!
Trading recommendation: range 1.1210-1.1280.
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.
