Evening review of EURUSD on 12/02/2019. Trump vs Fed

The US President Trump has demanded to impose duties on steel products to Argentina and Brazil. Trump accused these countries of using the undervalued exchange rate of their currencies for unfair competition against manufacturers of similar goods in the United States.

In addition, Trump said that the Fed is obliged to help the US economy and foreign trade by lowering the dollar – through a rate cut and easing monetary policy.

Markets are reacting with a lower dollar.

We are ready to buy the euro at a break of 1.1035. Stop at 1.0985, targets: 1.1100, 1.1180 and beyond.

In case of a full reversal down, we sell from 1.0980.

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

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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