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FX.co ★ Trading plan EURUSD 08/26/2019

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Forex Analysis:::2019-08-26T10:08:38

Trading plan EURUSD 08/26/2019

Trading plan EURUSD 08/26/2019

Over the weekend, Trump announced new duties against China immediately after China's announcement of retaliatory duties on $75 billion of goods from the United States, in response to Trump's previous duties.

Trump launched a serious trade war against China, no side is going to retreat.

That action by China and Trump brought down the US stock market on Friday and collapsed the US dollar.

As you can see from the chart, the euro sharply turned up and gave a signal of growth.

EURUSD: We are in the purchase of 1.1115.

Possible purchases: for a breakthrough of 1.1160 up and rollback from 1.1115 and below.

In the case of a complete bearish reversal, we sell from 1.1050.

Analyst InstaForex
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