05 сентября 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the euro. The good news is a bullish rally in the commodity market. The Euro is correlated with oil and industrial metals. Investors are increasing long positions on commodities, after positive talks between the US and China. Liu He, China’s top negotiator on trade, spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. Both sides agreed that they should work together and take practical actions to create good conditions for consultations. The bad news is the decline in the value of gold. This is factor may cause the closing of long positions in the euro.
Trading recommendation: range 1.0990 -1.1055.
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