26 Juli 2019, EUR/USD
EURUSD trading plan:
Good and bad news for the euro. The good news is the bullish rally in the oil market. Geopolitical tensions in the Persian Gulf will have a positive impact on oil prices. The Euro and oil are correlated. The bad news is the European Central Bank opened the door to interest rate cuts and a raft of further measures to ease monetary policy in September, in a desperate attempt to support a Eurozone economy squeezed increasingly hard by the U.S.'s trade war with China and by a looming "hard" BREXIT. Investors are expecting lower interest rates on September 12.
Trading recommendation: range 1.1110 -1.1165.