25 Juni 2019, EUR/USD
EURUSD trading plan:
We are expecting a bullish rally on the main currency pair of the FOREX market. The yield of two-year government bonds is 0.64% lower than the Federal Reserve rate. This is a negative signal for the U.S. currency! Investors are forced to sell's dollars and direct capital to other assets. CFTC reports indicate a large volume of U.S. dollar sales by investment funds. We are seeing a bullish rally in the gold market. The precious metal has been trading at its highest level in the last five years. This is a positive signal for the Euro which is correlated with gold.
Trading recommendation: Buy 1.1393 and take profit 1.1439.