Good and bad news | 28 January 2020
28 January 2020, EUR/USD
EURUSD trading plan:
Good and bad news for the Euro. Investors are increasing their long positions in the precious metals market. This is a positive signal for the European currency! Gold prices rose again on Monday, bringing the three-year high that they hit earlier in the month back into focus as the spread of the novel coronavirus in China triggered a surge in risk-aversion and demand for haven assets. The negative dynamics of the German debt market may force investors to increase short positions in the Euro.
Trading recommendation: range 1.1000 -1.1050.
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.
