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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 24 May 2019

24 May 2019, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The Commerce Department said new home sales dropped 6.9% to a seasonally adjusted annual rate of 673,000 units last month. Sales dropped in the South, the Midwest and West, but surged in the Northeast. The median new house price increased 8.8% from a year ago to $342,200 in April, the highest level since December 2017. The cost of real estate is increasing and sales are falling - this indicates low demand. This is a negative factor for the American economy!

Trading recommendation: Buy 1.1172 and take profit 1.1210.

David Johnson
Analyst of «FreshForex» company
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