07 October 2020, EUR/USD
EURUSD trading plan:
Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The Commerce Department said on Tuesday the trade deficit jumped 5.9% to $67.1 billion, the widest since August 2006. Imports increased by 3.2% to $239 billion. Goods imports rose $6.5 billion to $203 billion. Exports increased 2.2% to $171.9 billion. Goods exports rose $3.5 billion to $119.1 billion. The closely watched trade deficit with China decreased $1.9 billion to $26.4 billion in August. The coronarivus crisis severely disrupted trade flow.
Trading recommendation: Buy 1.1740 and take profit 1.1785.