Good and bad news | 21 November 2019

EURUSD trading plan:

Good news and bad news. The good news is a bullish rally in the oil market. We saw a rebound of about 3% in crude futures after a reduction in U.S. inventories. U.S. crude stocks rose by a less-than-expected 1.4 million barrels in the week to Nov. 15, data from the Energy Information Administration showed. The Euro and oil are correlated. Most Federal Reserve policymakers expressed a willingness to keep rates steady following the central bank's October rate cut, according to the minutes of the last policy meeting. This is negative news for the Euro and positive news for the U.S. dollar.

Trading recommendation: range 1.1050 -1.1120.

TRADE OILS WITHOUT SWAPS!