Change of the trend | 29 Maret 2019

EURUSD trading plan:

Negative macroeconomic statistics from the United States could have a positive impact on the value of the euro. The third estimate of fourth-quarter gross domestic product showed that the economy grew at an annual rate of 2.2%, downwardly revised from a preliminary estimate of 2.6%, and a sharp slowdown from the 3.4% reported in the third quarter of last year. The FOMC monetary policy in 2018 was very tough. This has a negative impact on the economy. This is a signal for the FED - it is necessary to reduce interest rates! We buy the euro in the expectation of a trend change.

Trading recommendation: Buy 1.1220 and take profit 1.1270.