Two negative factors for the Euro | 31 10月 2019

31 10月 2019, EUR/USD

Two negative factors for the Euro

EURUSD trading plan:

There are two negative factors for the Euro. The first factor is the European Central Bank's new quantitative easing, which will begin on November 1. The Central Bank plans to print 20 billion Euros a month. Quantitative easing always helps to reduce the value of the national currency. The second factor is a bullish rally in stock markets. The Euro is the funding currency in carry trade operations. Bullish rallies in stock markets have a negative impact on funding currencies. We are expecting to test the psychological level of 13,000 points on the German index #DAX 30.

Trading recommendation: Sell 1.1171 and take profit 1.1125.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus