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The press conference of the European Central Bank

The press conference of the European Central Bank | 12 Desember 2019

12 Desember 2019, EUR/USD

The press conference of the European Central Bank

EURUSD trading plan:

We are expecting the development of the downtrend. U.S. consumer prices raised more than expected in November. The Labor Department said its consumer price index increased 0.3% last month as households paid more for gasoline. The CPI advanced 0.4% in October. In the 12 months through November, the CPI rose 2.1% after gaining 1.8% in October. In the 12 months through November, the core CPI increased 2.3% after a similar gain in October. This is positive news for the U.S. currency! Christine Laggard during the press conference of the European Central Bank will announce the need to keep interest rates low for a long time. This is a negative signal for the Euro!

Trading recommendation: Sell 1.1150 and take profit 1.1062.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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