Trading plan 28.10.2019 EURUSD
There are a number of important U.S. news items for the new week:
On Wednesday, the Fed – the market expects the rate to fall by 0.25%.
On Wednesday also the first report on the U.S. GDP for the 3rd quarter – the market expects a slowdown in GDP growth to +1.5%.
Friday, the October employment report.
EURUSD: Last week’s ECB meeting did not support the euro. We have a deep correction on growth, but growth hasn’t been canceled yet.
We hold purchases from 1.0945 and 1.1005, stop at 1.0990.
Shopping is possible from 1.1080 and below.