22 Juli 2019, EUR/USD
EURUSD trading plan:
Bullish rally in the commodity market will have a positive impact on the value of the Euro. Investors are increasingly long positions in gold, silver, platinum, copper, Nickel. The Euro has a direct correlation with metals. CFTC reports signal a reduction in short positions on the Euro. Investment funds reduce their short positions on the Euro. The yield of 2-Year German government bonds fell below -0.77%. Bond yields are 0.77% lower than the European Central bank interest rate. This is a negative signal for the Euro.
Trading recommendation: Buy 1.1207 and take profit 1.1260.