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A positive day for the U.S. dollar

A positive day for the U.S. dollar | 17 May 2019

17 May 2019, EUR/USD

A positive day for the U.S. dollar

EURUSD trading plan:

A positive day for the U.S. dollar! The United States has pleased investors with positive statistics on the real estate market. Housing starts rose 5.7% to a seasonally adjusted annual rate of 1.235 million units last month. Data for March was revised up to show homebuilding rising to a pace of 1.168 million units, instead of falling to a rate of 1.139 million units as previously reported. The real estate market is an important element of the U.S. economy. The decline in the value of gold will have a positive impact on the value of the U.S. currency.

Trading recommendation: Sell 1.1200 and take profit 1.1155.

David Johnson
Analyst of «FreshForex» company
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