Good news for the Euro | 23 5月 2019

23 5月 2019, EUR/USD

Good news for the Euro

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.

David Johnson
Analyst of «FreshForex» company
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