Trading plan for EURUSD on 06/12/2019

The market is under pressure from the expected Fed rate cut. The main question is what the Fed will say at the meeting on June 19.

In the US economy, a slowdown in growth is noticeable. In the German economy, there are signs of a halt in growth according to the latest measurements of investor sentiment.

The main reason for the slowdown was the US-China trade war unleashed by Trump. Trump is not going to retreat, everything should be decided at the meeting of Trump-Xi Jinping at the G20 summit

Euro: We expect to continue growth, keep buying from 1.1220 and 1.1190

The next target is 1.1450


The material has been provided by InstaForex Company –