The bad news for the dollar | 05 Maret 2019
05 Maret 2019, EUR/USD
EURUSD trading plan:
Traders once again received negative macroeconomic statistics from the United States. In December, spending on private construction projects fell 0.6 percent after surging 1.3 percent in November. Investment in private residential projects tumbled 1.4 percent after rebounding 3.4 percent in November. Construction spending increased its rose 4.1 percent in 2018, the weakest reading since 2011. In the last month there were a lot of bad reports - the FOMC does not make sense to raise interest rates! This is a bad signal for the dollar!
Trading recommendation: Buy 1.1315 and take profit 1.1380.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
