14 Oktober 2019, EUR/USD
EURUSD trading plan:
The Federal Reserve plans to buy Treasury bills from October 15. This factor will have a positive impact on the value of bonds. The yield on Treasury bills will show a slight decline. This is a negative signal for the U.S. currency! Additional support for the Euro will provide a bullish rally in the oil market. High geopolitical risks force investors to increase long positions on oil, which is positive for the Euro, since both assets have a correlation. The tanker Sabiti was hit in Red Sea waters off Saudi Arabia on Friday. An Iranian government spokesman on Saturday described as a "cowardly attack".
Trading recommendation: Buy 1.1015 and take profit 1.1041.