Breaking news | 05 Julio 2019

EURUSD trading plan:

The employment indicators ISM and ADP signal a decline in the number of employed in the U.S. non-agricultural sector. This is a negative signal for the U.S. currency! A negative labor market release will force the Federal Reserve to lower interest rates! We are expecting an increase in the value of the Euro to the level of 1.1315. The Euro will not be able to show a strong growth of quotations today. The European Central Bank is considering lowering interest rates. This is a negative factor for the Euro! Low inflation forces the European Central Bank to use measures to stimulate the economy.

Trading recommendation: Buy 1.1262 and take profit 1.1315