A positive day for the U.S. dollar | 17 May 2019
17 May 2019, EUR/USD
EURUSD trading plan:
A positive day for the U.S. dollar! The United States has pleased investors with positive statistics on the real estate market. Housing starts rose 5.7% to a seasonally adjusted annual rate of 1.235 million units last month. Data for March was revised up to show homebuilding rising to a pace of 1.168 million units, instead of falling to a rate of 1.139 million units as previously reported. The real estate market is an important element of the U.S. economy. The decline in the value of gold will have a positive impact on the value of the U.S. currency.
Trading recommendation: Sell 1.1200 and take profit 1.1155.
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.
