Correlation between the Euro and oil | 16 9月 2020

16 9月 2020, EUR/USD

EURUSD trading plan:

A bullish rally in the oil market will have a positive impact on the value of the Euro. API recorded a 9.517 million-barrel draw for the week ending September 11, against forecasts of a 2.04 million-barrel build and the 2.970 million-barrel build reported during the previous week. Hurricane Sally is headed towards the U.S. Gulf Cost but is not expected to make landfall until later in the day. More than 25% of U.S. offshore oil and gas production was shut down on Tuesday, the second disruption since Hurricane Laura passed through the area in late August.

Trading recommendation: Buy 1.1850 and take profit 1.1910.

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.