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06.05.201909:52 Forex Analysis & Reviews: Trading Plan EURUSD 05/06/2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The main news on Monday morning: Trump launched a new tariff war against China. Over the weekend, Trump said that he would increase the duty on goods from China to 25%, for which tariffs have already been introduced at 10% (goods worth $200 billion). Trump also threatens to impose duties on another $325 billion-worth of Chinese goods that are not yet subject to tariffs. New duties will come into force on Friday.

China has so far responded by canceling trade negotiations with the United States.

This news has affected the stock markets, but not yet the currency market.

EURUSD: Range. A possible upward trend on the euro

We are ready to buy the euro from 1.1270.

We are ready to sell the euro from 1.1110.

Exchange Rates 06.05.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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