23 Juli 2019, EUR/USD
EURUSD trading plan:
Investors are expecting the European Central Bank to lower interest rates July 25. The yield of 2-Year German government bonds fell below -0.777%. Bond yields are 0.777% lower than the European Central bank interest rate. The decline in industrial production and low inflation are forcing the Central Bank to take measures to ensure economic growth. This is a negative signal for the Euro. We're seeing a bearish trend in the gold market. This is a bad factor for the Euro as there is a correlation between the Euro and the precious metal.
Trading recommendation: Sell 1.1200 and take profit 1.1165.