Bad news for the Euro | 15 May 2019
15 May 2019, EUR/USD
EURUSD trading plan:
The two negative reasons for the Euro. The first reason is negative macroeconomic statistics. Euro zone industrial production fell in March for a second straight month as output declined in France and Italy. Eurostat said output in the 19 countries sharing the euro dropped by 0.3% on the month. The second reason is the decline in the value of gold. The Euro and the precious metal have a direct correlation. Gold has traditionally had a strong influence on the Euro's trading. Gold is trading below the psychological level of $ 1,300 ounce.
Trading recommendation: Sell 1.1230 and take profit 1.1205.
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.
