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Forex Analysis:::2020-01-06T09:52:59

Trading idea for EURUSD

Good day, dear traders! I present to your attention a trading idea for the EURUSD pair

News from the Middle East is not good for the US currency. The decline of the US currency is happening on all fronts: in the currency zone, gold and indices. Investors are leaving the dollar, shifting to gold, yen, and currencies of developing countries, walking away from dollar "military" risks.

In this regard, I turned my attention to the most popular tool in the world of currency trading - the EURUSD pair, which now has a very interesting picture:

Trading idea for EURUSD

In this pin-bar, the trend is based on Friday's news USD index of business activity in the manufacturing sector PMI:

In this regard, I recommend carefully working to increase the rate, the main of which is the round spot level of 1.13

Good luck with trading and control risks!

Analyst InstaForex
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