Bad American statistics | 14 Juni 2019

14 Juni 2019, EUR/USD

Bad American statistics

EURUSD trading plan:

The United States will release statistics on retail sales and industrial production today. We are expecting the release of negative data. The decline in household income is a negative factor for retail trade. Manufacturing expanded in May, as the PMI registered 52.1 percent, a decrease of 0.7 percentage point from the April reading of 52.8 percent. This is the lowest reading since October 2016, when the index registered 51.7 percent. Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro.

Trading recommendation: Buy 1.1265 and take profit 1.1333.

David Johnson
Analyst of «FreshForex» company
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