13 Maret 2019, EUR/USD
EURUSD trading plan:
Euro bulls were delighted with the bad news from the United States. The consumer price index rose 1.5% from a year ago, while core inflation, that excludes volatile food and energy costs, increased 2.1%. That compared to consensus forecasts for them to remain stable at 1.6% and 2.2%, respectively. Federal Reserve seeks to keep inflation close to 2%. Traders remain skeptical that the Fed could move forward with a rate hike this year. Low inflation does not allow the FOMC to raise interest rates. This is a bad signal for the U.S. currency!
Trading recommendation: Buy 1.1276 and take profit 1.1320.