02 Tháng Chín 2020, EUR/USD
EURUSD trading plan:
Euro zone inflation turned negative last month for the first time since May 2016, raising chances that the European Central Bank will have to inject yet more stimulus to generate price growth which has undershot its target for over seven years. Inflation excluding volatile fuel and unprocessed food prices, which is closely watched by the ECB, fell to 0.6% from 1.3% while an even narrower measure, which also excludes alcohol and tobacco, slowed to 0.4% from 1.2%. Both were far below traders' expectations. This is a negative signal for the euro!
Trading recommendation: Sell 1.1905 and take profit 1.1860.
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