06 Mei 2019, EUR/USD
EURUSD trading plan:
Positive macroeconomic statistics from Europe will have a positive impact on the value of the Euro. Inflation in the Euro zone reached a six-month high - a pleasant surprise for traders. The Consumer Price Index rose by 1.7% in April from 1.4% the previous month. Eurostat revealed that energy prices and services were the biggest drivers of the jump in CPI. The core release climbed to 1.2%, compared to 0.8% in March. Both indicators beat their estimates. Consumer price increases always have a positive impact on the value of the Euro.
Trading recommendation: Buy 1.1190 and take profit 1.1240.