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Positive day for the Euro

Positive day for the Euro | 27 May 2019

27 May 2019, EUR/USD

Positive day for the Euro

EURUSD trading plan:

Positive day for the Euro! New orders for U.S.-made capital goods fell more than expected in April. Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, tumbled 2.1% in April after increasing 1.7% in the prior month. Orders for non-defense aircraft plunged 25.1% after rising 7.8% in March - this is bad news for Boeing. Negative macroeconomic statistics from the United States point to the need to reduce interest rates by the Federal Reserve. This is a bad signal for the U.S. dollar!

Trading recommendation: Buy 1.1193 and take profit 1.1233.

David Johnson
Analyst of «FreshForex» company
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