13 Noviembre 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. The good news is this is an uptrend in the precious metals market, as there is a correlation between the Euro and gold. Investors are closing short positions in the precious metals market and we are seeing a technical correction. Federal Reserve Chairman Jerome Powell delivers remarks on U.S. economic outlook before the Joint Economic Committee on Wednesday at 16:00 GMT. Powell told reporters at his post-meeting news conference on Oct. 30 that the current stance of monetary policy was “likely to remain appropriate,” as long as there was no material change in the central bank’s outlook on the economy. This is a positive signal for the U.S. dollar!
Trading recommendation: range 1.0985 -1.1040.
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