19 августа 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the euro. The good news is a truce in the USA-China trade war. D. Trump will hold telephone talks with the leader of China. Reducing geopolitical tensions will have a positive impact on oil prices. This factor will have a positive impact on the euro, as the euro and oil are correlated. The bad news is new incentives from the European Central Bank. The ECB may down interest rates and start the QE program on September 12. This is factor will have a negative impact on the value of the euro. Investment funds increase euro sales. The latest CFTC report signals an increase in short positions to the maximum for the last three weeks.
Trading recommendation: range 1.1045 -1.1135.
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