08 Agosto 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the euro. The good news is the strong growth of gold prices. Precious metal to test a maximum of the last six years! Gold and the Euro are correlated. The yellow metal received support this week amid escalating trade war between the U.S. and China. U.S. President Donald Trump threatened to impose from Sept. 1 a 10% tariff on hitherto untaxed Chinese imports of $300 billion last week. The bad news is the up US government bond yields. Yield of 10-Year US government bonds up 0.04, to the level of 1.73%. There is a technical correction in the government bond market. This is a positive signal for the dollar.
Trading recommendation: range 1.1180 -1.1250.