Good news for the Euro | 23 May 2019

23 May 2019, EUR/USD

Good news for the Euro

EURUSD trading plan:

Good news for the Euro. The first positive news is the growth of business activity in German industry. Investors expect a positive release of Manufacturing PMI. In the last month of spring, the industry traditionally shows growth - this is a seasonal factor. The second positive news is a negative release on real estate sales in the United States. New home sales are declining amid high mortgage rates. Mortgage lending is a major element of buying real estate in the United States. This is a negative signal for the U.S. dollar.

Trading recommendation: Buy 1.1142 and take profit 1.1179.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.