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17.06.201910:22 Forex Analysis & Reviews: Trading plan EURUSD 06/17/2019

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Two main topics on the market: the Fed's decision on rates on Wednesday 19 June and the upcoming G20 summit and the Trump-China talks on trade.

Trump is making bellicose statements against China on trade. Trump shows a willingness to raise to 25% duty on another $300 billion of goods from China and says that the US is not very interested in a deal with China.

At the same time, large US businesses write letters to Trump, arguing that the transfer of production from China back to the US is unrealistic in most cases. The prices of goods when transferring their production to the US will grow too much and make production unprofitable.

Fed: the press is discussing the possibility of reducing the Fed rate during 2019 and everyone will study the text of the statement.

EUR USD:

Range.

Buy from 1.1350

Sell from 1.1105

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