04 April 2019, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from the United States will have a negative impact on the value of the dollar. The Institute of Supply Management said its non-manufacturing purchasing managers’ index (PMI) fell to 56.1, its lowest since August 2018. The new orders index, the most forward-looking element of the survey, fell to 59.0 from 65.2 the previous month. This is bad for the U.S. economy - the service sector is the basis of the economy. The FED needs to lower interest rates to change the negative trend in the economy.
Trading recommendation: Buy 1.1225 and take profit 1.1270.
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