Correlation with gold | 25 Juni 2019
25 Juni 2019, EUR/USD
EURUSD trading plan:
We are expecting a bullish rally on the main currency pair of the FOREX market. The yield of two-year government bonds is 0.64% lower than the Federal Reserve rate. This is a negative signal for the U.S. currency! Investors are forced to sell's dollars and direct capital to other assets. CFTC reports indicate a large volume of U.S. dollar sales by investment funds. We are seeing a bullish rally in the gold market. The precious metal has been trading at its highest level in the last five years. This is a positive signal for the Euro which is correlated with gold.
Trading recommendation: Buy 1.1393 and take profit 1.1439.
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.
