Negative macroeconomic statistics from the United States | 04 Julio 2019

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The trade deficit rose 8.4% to $55.5 billion as a surge in imports overshadowed a broad increase in exports. The goods trade deficit with China increased 12.2% to $30.2 billion. In May, goods imports increased 4.0% to $217.0 billion. Apart from drawing more imports from China, the United States imported record amounts from the European Union, Mexico and Canada. The yield of 10-Year US government bonds fell below 2%. This is a negative signal for the dollar!

Trading recommendation: Buy 1.1270 and take profit 1.1305.