Trading plan for EURUSD on 12/04/2019. Big news

analytics5de74f7bd96c5.jpg

The issue of the Trump-China trade agreement is on hold. Trump has stated that December 15 is not the final deadline for a deal (as it was previously). Trump also said that he sees no problem for himself to act in international trade by imposing new duties against different countries.

On Wednesday, the focus is on important news in the US. At 14:15, the employment report for November from ADP will be released.

An important report on business activity in the ISM services sector will be released at 16:00.

In the case of weak US data, a new wave of dollar sales is possible.

If the data come out strong, a deep correction on EURUSD is possible - a decrease to 1.1035.

We keep purchases from 1.1035.

Possible purchases with reductions.

Sell at a break down of 1.0980.

The material has been provided by InstaForex Company - www.instaforex.com