23 5月 2019, EUR/USD
EURUSD trading plan:
Good news for the Euro. The first positive news is the growth of business activity in German industry. Investors expect a positive release of Manufacturing PMI. In the last month of spring, the industry traditionally shows growth - this is a seasonal factor. The second positive news is a negative release on real estate sales in the United States. New home sales are declining amid high mortgage rates. Mortgage lending is a major element of buying real estate in the United States. This is a negative signal for the U.S. dollar.
Trading recommendation: Buy 1.1142 and take profit 1.1179.