07 Agosto 2019, EUR/USD
EURUSD trading plan:
We are expecting a continuation of the bullish rally on the euro. The two-year yield, which is sensitive to traders' view on Fed policy, was down 1.8 basis points at 1.58%, which was its lowest level since October 2017. Investment funds are expected lower interest rates from the Federal Reserve at meetings on September 18 and October 30. Worries about U.S.-China trade tensions pushed down yields bonds. This is factor will have a negative impact on the value of the U.S. dollar! Investors are increasing their long positions in gold, which will have a positive impact on the value of the Euro.
Trading recommendation: Buy 1.1195 and take profit 1.1233.