Trading plan EURUSD 11/08/2019


On Thursday, the euro continued to decline, consolidating below 1.1070.

The growth is stopped – range.

The reasons for the decline of the euro: the weakness of the eurozone economy compared to the US economy and the zero rate of the Central Bank.

In the US, the dollar received support from optimism on the US-China trade agreement.

We are on sale from 1.1070, however, the real downward trend will only start below 1.0870.

The upward trend will continue above 1.1180.

Possible purchases on the breakthrough of 1.1095 up.

The material has been provided by InstaForex Company -