26 November 2019, EUR/USD
EURUSD trading plan:
Good news and bad news. Positive trade talks between the United States and China are forcing investors to sell precious metals. China’s Ministry of Commerce said top negotiator on trade Liu He talked with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday morning. GOLD has fallen for the past five sessions on trade deal optimism. This is a negative signal for the Euro, as gold and the Euro are correlated. The good news is the positive dynamics of the debt market. We are seeing a rise in German government bond yields.
Trading recommendation: range 1.0980 -1.1050.