04 March 2019, EUR/USD
EURUSD trading plan:
The United States has once again disappointed traders with negative macroeconomic statistics. ISM manufacturing data for February showed a downtick to 54.2, missing expectations of 55.5. A reading above 50 in the ISM index indicates an expansion in manufacturing, which accounts for about 12% of the U.S. economy. Consumer spending fell 0.5% in December, the Commerce Department said on Friday. The fall in personal spending represented "the biggest decline since 2009 and serves to give more credence to the abysmal retail sales figure released a couple weeks ago".
Trading recommendation: Buy 1.1351 and take profit 1.1410.
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