The gloomy picture | 04 6月 2020

04 6月 2020, EUR/USD

The gloomy picture

EURUSD trading plan:

We are expecting a downtrend to develop. Euro zone businesses suffered another devastating contraction in activity in May. IHS Markit's May Final Composite Purchasing Managers' Index painted a gloomy picture. "The scale and breadth of the euro zone downturn was highlighted by the PMI data showing all countries enduring another month of sharply falling business activity," said Chris Williamson, chief business economist at IHS Markit. ECB is widely expected to say it will expand its pandemic-driven bond fund by another 500 billion euros. This is a negative factor for the Euro!

Trading recommendation: Sell 1.1225 and take profit 1.1190.

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