Positive macroeconomic statistics from the United States | 28 November 2019
28 November 2019, EUR/USD
EURUSD trading plan:
Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. Gross domestic product increased at a 2.1% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP. That was up from the 1.9% pace estimated last month. Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was unrevised at a 2.9% rate in the third quarter. Consumer spending is being supported by the lowest unemployment rate in nearly 50 years.
Trading recommendation: Sell 1.1011 and take profit 1.0988.
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.
