Good and bad news | 30 Junio 2020

EURUSD trading plan:

Good and bad news for the euro. German Chancellor Angela Merkel on Monday held out hope that European Union member states will overcome their differences on a multi-year budget of more than 1 trillion euros as well as a recovery fund at a summit of leader in July. This is a positive signal for the Euro. The US National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, surged 44.3%, the largest gain since the series started in 2001. Applications for home loans are near 11-year high and building permits rebounded sharply in May as did new home sales. This is a negative signal for the Euro.

Trading recommendation: range 1.1188 -1.1250.