Correlation of the Euro and the commodity market | 06 Januari 2020
06 Januari 2020, EUR/USD
EURUSD trading plan:
We are expecting an uptrend to develop. A bullish rally in the commodity market will have a positive impact on the value of the European currency. Gold prices rose more than 1.2% as tensions in the Middle East intensified after reports said a U.S. airstrike killed a senior Iranian military official. U.S. airstrike on Baghdad killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force. Iran’s supreme leader, Ayatollah Ali Khamenei, has vowed that “severe retaliation” awaits those who killed the commander.
Trading recommendation: Buy 1.1151 and take profit 1.1195.
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.
