The bullish rally | 15 April 2020
15 April 2020, EUR/USD
EURUSD trading plan:
A bullish rally in the precious metals market will have a positive impact on the value of the European currency. The collapse in economic activity is threatening to blow out government deficits that, for many, will only be possible to finance through extensive financial repression. This is a positive signal for gold. Gold is a protective asset! Additional support for the European currency will be provided by users of light-conditionality loans from the region's bailout fund, the European Stability Mechanism.
Trading recommendation: Buy 1.0950 and take profit 1.0999.
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.
