Good and bad news for the euro | 07 Julio 2020

EURUSD trading plan:

Good and bad news for the euro. A bullish rally in the precious metals market will have a positive impact on the value of the euro, as the European currency correlates with gold. Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. The Institute for Supply Management said its non-manufacturing activity index jumped to a reading of 57.1 last month, the highest since February, from 45.4 in May. A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of U.S. economic activity. The ISM survey's measure of new orders for the services industry increased to a reading of 61.6 in June from 41.9 in the prior month. There was an increase in export orders.

Trading recommendation: range 1.1277 -1.1350.