Good news for the Euro | 21 May 2019
21 May 2019, EUR/USD
EURUSD trading plan:
Good news for the Euro. Investors are actively buying gold, silver, palladium, which will have a positive impact on the value of the Euro, as there is a correlation between the instruments. The U.S.-China trade war has been one of the pillars of support for gold this year as investors used the yellow metal as a safe haven in times of both economic and political troubles. Oil prices gained strongly in the four months of 2019, reaching $74.7 in April. Saudi Arabia is keen to protect the downside in oil prices. This is a positive signal for the Euro!
Trading recommendation: Buy 1.1145 and take profit 1.1192.
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.
