Correlation between the Euro and oil | 16 Septiembre 2020

16 Septiembre 2020, EUR/USD

EURUSD trading plan:

A bullish rally in the oil market will have a positive impact on the value of the Euro. API recorded a 9.517 million-barrel draw for the week ending September 11, against forecasts of a 2.04 million-barrel build and the 2.970 million-barrel build reported during the previous week. Hurricane Sally is headed towards the U.S. Gulf Cost but is not expected to make landfall until later in the day. More than 25% of U.S. offshore oil and gas production was shut down on Tuesday, the second disruption since Hurricane Laura passed through the area in late August.

Trading recommendation: Buy 1.1850 and take profit 1.1910.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus