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Many investors are resting

Many investors are resting | 22 April 2019

22 April 2019, EUR/USD

Many investors are resting

EURUSD trading plan:

Many investors are resting today. We expect a quiet trade during the day. The Euro may show a slight increase in prices. U.S. homebuilding dropped to a near two-year low in March. Housing starts fell 0.3 percent to a seasonally adjusted annual rate of 1.139 million units last month, the lowest level since May 2017. Data for February was revised down to show homebuilding tumbling to a pace of 1.142 million units instead of the previously reported 1.162 million-unit rate. Housing starts in the Midwest, which was devastated by floods during the month, dropped 17.6 percent. This is a negative signal for the U.S. dollar!

Trading recommendation: Buy 1.1230 and take profit 1.1260.

David Johnson
Analyst of «FreshForex» company
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