Correlation between euro and oil | 24 Julio 2019
24 Julio 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the euro. The good news is the bullish rally in the oil market. American petroleum Institute has published an industry report on changes in oil and petroleum products reserves in the United States -oil reserves decreased by 10.96 million barrels. We're expecting to test the level of 65.00 #BRENT, which will have a positive impact on the value of the euro. The bad news is the negative dynamics of the credit market. The yield of 2-Year German government bonds fell below -0.78%. The European Central Bank may cut interest rates tomorrow.
Trading recommendation: range 1.1100 -1.1180.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
