23 December 2019, EUR/USD
EURUSD trading plan:
Positive macroeconomic statistics from the United States will force investors to increase short positions on the Euro. The university's final December consumer sentiment index was 99.3, little changed from the preliminary figure of 99.2, and up from November's 96.8 and a seven-month high. This report indicates an increase in consumer spending which will have a positive impact on economic growth. The negative dynamics of the oil market will provide additional support to the dollar. Investors take profits on long positions in the oil market. The negative dynamics of the oil market will provide additional support to the dollar. Investors take profits on long positions in the oil market.
Trading recommendation: Sell 1.1088 and take profit 1.1050.
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