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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 28 November 2019

28 November 2019, EUR/USD

Positive macroeconomic statistics from the United States

EURUSD trading plan:

Positive macroeconomic statistics from the United States will have a negative impact on the value of the Euro. Gross domestic product increased at a 2.1% annualized rate, the Commerce Department said in its second estimate of third-quarter GDP. That was up from the 1.9% pace estimated last month. Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was unrevised at a 2.9% rate in the third quarter. Consumer spending is being supported by the lowest unemployment rate in nearly 50 years.

Trading recommendation: Sell 1.1011 and take profit 1.0988.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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