Good and bad news for the euro | 07 Julio 2020

07 Julio 2020, EUR/USD

Good and bad news for the euro

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.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.