empty
 
 
26.04.2019 12:28 PM
Trading Plan for EUR / USD pair on 04/26/2019

The big picture: There is a downtrend signal for the EUR/USD pair.

Orders for durable goods in the USA came out unexpectedly strong at +2.7%.

This caused a new drop in the euro against the dollar.

Technically, the euro is ready for a big fall after a six-month treading in the range of 1.1200-1.1500 up to 1.0600 and even lower. The zero rate policy of the ECB adds pessimism against the euro.

We keep selling from 1.1223.

The first reading of US GDP for Q1 will be released on Friday at 13:30 London time (GMT+1). In case of strong data, the euro will continue to fall.

This image is no longer relevant

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback