02 April 2019, EUR/USD
EURUSD trading plan:
The Euro zone has disappointed investors with negative macroeconomic statistics. The consumer price index showed annual inflation fell to 1.4% from 1.5% in February, the bloc’s statistics agency Eurostat said. Core inflation, which excludes energy, food, alcohol and tobacco prices, slowed to an annual rate of 0.8% from a revised 1% in February. That is well below the level targeted by the European Central Bank, which aims for an inflation rate of just under 2% in the medium term. This is a bad signal for the single European currency!
Trading recommendation: Sell 1.1230 and take profit 1.1205.