27 Mei 2020, EUR/USD
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.