05 May 2021, EUR/USD
EURUSD trading plan:
The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals. The trade deficit increased 5.6% to an all-time high of $74.4 billion in March, the Commerce Department said. Imports soared 6.3% to a historic $274.5 billion in March. Goods imports shot up 7.0% to $234.4 billion, also an all-time high. Imports of consumer goods were the highest on record, as were those for food and capital goods. The bulk of imports in March came from China, boosting the politically-sensitive goods trade deficit with Beijing to $27.69 billion from $24.62 billion in February. This is a negative signal for the dollar!
Investment idea: buy 1.2009 and take profit 1.2085.
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