Good day for the Euro! | 20 November 2019
20 November 2019, EUR/USD
EURUSD trading plan:
We are expecting the bullish rally to continue. Investors are increasing long positions in the precious metals market, which will have a positive impact on the value of the Euro. The Euro and gold are correlated. We are expecting gold prices to rise to the level of 1480 today. The head of the Federal Reserve Bank of New York said the need to keep interest rates low in the United States. This is a negative signal for the U.S. dollar! The Bank of New York is an important element in the Federal Reserve System.
Trading recommendation: Buy 1.1069 and take profit 1.1099.
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.
