13 June 2019, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The CPI increased an annual 1.8%, less than projected. Below-forecast inflation follows signs of slower economic growth in the U.S. that would only bolster investor expectations for Fed rate cuts this year. This is a bad signal for the Federal Reserve. The Central Bank may reduce interest rates by 0.25% at a meeting July 31 and September 18. We are expecting a decline in the value of the U.S. dollar.
Trading recommendation: Buy 1.1290 and take profit 1.1343.