Bad news for the Euro! | 11 April 2019

11 April 2019, EUR/USD

Bad news for the Euro!

EURUSD trading plan:

Bad news for the Euro! European Central Bank President Mario Draghi warned that the euro-area economy faces risks. The ECB is “fully committed” to restoring inflation to its goal of just under 2 percent. The central bank has promised a new round of cheap funding for banks later in the year. The IMF cut its forecasts for euro. Stimulating the economy always has a negative impact on the value of the national currency. This is the basic rule of the market. The Euro will be experiencing difficulties in the near future. Investment funds will be to sell the Euro.

Trading recommendation: Sell 1.1290 and take profit 1.1250.

David Johnson
Analyst of «FreshForex» company
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