The decline in the yields of U.S. bonds | 11 July 2019
11 July 2019, EUR/USD
EURUSD trading plan:
We're expecting the bullish trend to continue today. FOMC are worried about the domestic economy and slowing business investment, trade disputes and other issues affecting global economic health. The United States 2-Year yield fell to 1.84%. This is a negative signal for the U.S. currency! We are seeing a bullish rally in the gold market that will have a positive impact on the value of the Euro. There is a strong correlation between the two assets. Gold is trading above the psychological level of $ 1400. This is a positive signal for the Euro!
Trading recommendation: Buy 1.1258 and take profit 1.1290.
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.
