02 Tháng Năm 2019, EUR/USD
EURUSD trading plan:
The bad news for the Euro. The Fed said economic activity rose at a "solid rate," but acknowledged that the growth of household spending and business fixed investment slowed in the first quarter. Investors were waiting for comments from the Federal Reserve on the reduction of interest rates at the end of 2019, but the Central Bank did not quarrel about it. Traders bought the Euro in the last three days, counting on the soft rhetoric of FOMC and now will be forced to close long positions. We see the sale of gold, which will have a negative impact on the value of the Euro, as there is a direct correlation between the two instruments.
Trading recommendation: Sell 1.1220 and take profit 1.1185.
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