27 November 2019, EUR/USD
EURUSD trading plan:
We are expecting a bearish rally. Investors are increasing short positions in the precious metals market after positive trade talks between the United States and China. Donald Trump said Washington was in the "final throes" of work on a trade deal with Beijing. We are expecting a trade agreement between the United States and China in December. This is a negative signal for “low-yielding” assets: the Euro, gold and the Japanese yen. Investors buy “high-yielding” assets and sell “low-yielding” assets.
Trading recommendation: Sell 1.1015 and take profit 1.0989.