Negative macroeconomic statistics | 27 February 2019
27 February 2019, EUR/USD
EURUSD trading plan:
The Federal Reserve will remain "patient" in deciding on further interest rate hikes, Chairman Jerome Powell said in prepared testimony ahead of a hearing before the U.S. Senate Banking Committee. Negative macroeconomic statistics continue to come from the United States. The Commerce Department said U.S. homebuilding tumbled to a more than two-year low in December. Expensive credits have a negative impact on the real estate sector. This is the consequence of the FOMC aggressive monetary policy. This is a bad signal for the U.S. dollar!
Trading recommendation: Buy 1.1365 and take profit 1.1425.
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.
