Bullish rally in the commodity market | 22 July 2019
22 July 2019, EUR/USD
EURUSD trading plan:
Bullish rally in the commodity market will have a positive impact on the value of the Euro. Investors are increasingly long positions in gold, silver, platinum, copper, Nickel. The Euro has a direct correlation with metals. CFTC reports signal a reduction in short positions on the Euro. Investment funds reduce their short positions on the Euro. The yield of 2-Year German government bonds fell below -0.77%. Bond yields are 0.77% lower than the European Central bank interest rate. This is a negative signal for the Euro.
Trading recommendation: Buy 1.1207 and take profit 1.1260.
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.
