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FOMC will support the euro

FOMC will support the euro | 20 March 2019

20 March 2019, EUR/USD

FOMC will support the euro

EURUSD trading plan:

The mood among German investors improved by much more than expected in March. The ZEW research institute said its monthly survey showed economic sentiment among investors rose to -3.6 from -13.4 in February. Economists had expected an increase to -11.0. Positive news will allow the euro to continue the uptrend. FOMC will decide on interest rates in the evening. Investors are waiting for the rate to remain at 2.5%. Negative macroeconomic statistics on retail trade, industrial production and the real estate market will allow the FED to raise interest rates. This is a bad signal for the U.S. currency!

Trading recommendation: Buy 1.1338 and take profit 1.1390.

David Johnson
Analyst of «FreshForex» company
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