04 Noviembre 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. The good news is a bullish rally in the oil market as the Euro and BRENT correlate. Oil prices surged almost 2.5% a report that China has reached a consensus with the White House on core concerns in their trade war. China's Vice Premier Liu He had a phone call with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Friday where the two sides conducted “serious and constructive” discussions on “core” trade points. The bad news for the Euro is positive macroeconomic statistics from the United States. U.S. nonfarm payrolls rose by 128,000, compared with expectations for a rise of 89,000 according to forecasts compiled by Bloomberg. September's hiring was revised up to 180,000 from an initially-reported 136,000.
Trading recommendation: range 1.1120 -1.1210.
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