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European Commission against Italy

European Commission against Italy | 29 May 2019

29 May 2019, EUR/USD

European Commission against Italy

EURUSD trading plan:

Positive macroeconomic statistics from the United States and Italy's fiscal problems will have a negative impact on the value of the Euro. The Conference Board USA said its index of consumer attitudes increased 4.9 points to a reading of 134.1 this month, climbing up to levels seen last November when the index was hovering near 18-year highs. The labor market is tight, with the unemployment rate at 3.6 percent, a level last seen almost 50 years ago. The European Commission plans to fine Italy for violating the budget rule.

Trading recommendation: Sell 1.1180 and take profit 1.1145.

David Johnson
Analyst of «FreshForex» company
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