15 Mei 2019, EUR/USD
EURUSD trading plan:
The two negative reasons for the Euro. The first reason is negative macroeconomic statistics. Euro zone industrial production fell in March for a second straight month as output declined in France and Italy. Eurostat said output in the 19 countries sharing the euro dropped by 0.3% on the month. The second reason is the decline in the value of gold. The Euro and the precious metal have a direct correlation. Gold has traditionally had a strong influence on the Euro's trading. Gold is trading below the psychological level of $ 1,300 ounce.
Trading recommendation: Sell 1.1230 and take profit 1.1205.