Trading Plan July 8, 2019 EUR/USD

analytics5d22fc19ccbb1.jpg

EURUSD: On Friday, the report on the US Nonfarm in June caused the euro to fall, breaking down below the support line of the upward trend which canceled growth. The euro moved into a range state.

From a technical point of view, the upward or downward movement became equally probable.

The direction of movement depends on many factors – and the Fed policy plays an important role here.

It is important for the market to understand whether the Fed is ready to really lower the rate – or will take a neutral position before the start of stagnation or recession in the economy.

In the new week there will be important events on the Fed policy issue: Fed Chairman Jerome Powell will give a semi-annual report on the Fed policy in Congress – on Wednesday and Thursday at 12:00

In addition, on Wednesday, the Fed will report its last meeting (“minutes”) – but against the background of Powell’s speech, this will probably be ignored by the market.

EURUSD: You can buy at a breakthrough of 1.1325 upwards.

You can sell at a break of 1.1180 downwards.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Trading Plan 07/08/2019 EURUSD

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*