Negative macroeconomic statistics from the United States | 27 Mei 2020

27 Mei 2020, EUR/USD

Negative macroeconomic statistics from the United States

EURUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the Euro. The Commerce Department said on Tuesday new home sales increased 0.6% to a seasonally adjusted annual rate of 623,000 units last month. Still, the increase left the bulk of March's 13.7% plunge intact. March's sales pace was revised down to 619,000 units from the previously reported 627,000 units. This is a negative signal for the American economy! The COVID-19 crisis ravages the economy.

Trading recommendation: Buy 1.0957 and take profit 1.1000.

David Johnson
Analyst of «FreshForex» company
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