Good and bad factors for the euro | 12 Agustus 2019

12 Agustus 2019, EUR/USD

Good and bad factors for the euro

EURUSD trading plan:

Good and bad factors for the euro. A good factor is the increase in the long positions of investment funds. CFTC reports record the inflow of capital into the single European currency. A bad factor is the political crisis in Italy. The leader of the ruling party called for early elections. This is a decision to provoke a crisis in the government. The Italian political crisis caused the sale of the Euro in the summer of 2018. The situation may repeat itself!? The down in the value of gold will have a negative impact on the euro, as the assets are correlated.

Trading recommendation: range 1.1150-1.1240.

David Johnson
Analyst of «FreshForex» company
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