Good and bad news for the Euro | 11 November 2019

11 November 2019, EUR/USD

Good and bad news for the Euro

EURUSD trading plan:

Good and bad news for the Euro. We are expecting a technical correction in global stock markets today. This is good news for the Euro, as the Euro and stock markets are inversely correlated. The increase in yields on U.S. government bonds will force investors to lock in profits on long positions in the stock markets. The bad news for the Euro is a bearish rally in the precious metals market, as the Euro and gold correlate. The hopes for a trade deal remained alive on Friday, prompting gold to fall again for its biggest weekly loss in three years.

Trading recommendation: range 1.0982 -1.1041.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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