empty
 
 
11.07.2019 09:07 AM
Breaking forecast 07/11/2019 EURUSD and trading recommendation

This image is no longer relevant

On Wednesday, the US Federal Reserve chief on a report to Congress made it clear that he was ready to lower the rate. The market believes that the Fed will lower the rate at the meeting on July 31, by 0.25%. The market believes that the Fed will lower the rate again by 0.25% this year.

Fed Chairman Powell said that the US economy is strong enough, but the state of the global economy, against the background of trade contradictions (USA-China mostly) creates a negative background. At the same time, inflation remains low.

Thus, the head of the Fed actually conducted an intervention against the dollar.

Note that on the same day, the European Commission (in fact, the EU government) intervened against the euro: They lowered the forecast for inflation and economic growth.

As a result, the euro turned to growth.

EURUSD: We expect continued growth.

From the point of view of technical analysis, we buy from 1.1250 and further from 1.1325

A signal of cancellation of growth will be a breakthrough below 1.1190.

Summary
Urgency
Analytic
Dean Leo
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback