10 April 2019, EUR/USD
EURUSD trading plan:
The trend in the Euro will be limited to the level of 1.1300. U.S. President Donald Trump said he would impose retaliatory tariffs on $11 billion worth of EU products for damage the United States says has been done by EU subsidies to Airbus. The EU warned it stands ready to retaliate should the U.S. move ahead with tariffs on $11.2 billion worth of EU goods. Concerns about escalating U.S. and EU trade tensions soured sentiment traders. The rise in oil prices will have a positive impact on the value of the Euro. Investors buy oil on the background of reduced hydrocarbon supplies from Venezuela and Libya.
Trading recommendation: Buy 1.1245 and take profit 1.1300.
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