EUR/USD forecast: Good and bad news for the Euro

eu-l9Good and bad news for the Euro. The good news is negative macroeconomic statistics from the United States on inflation for December. We are expecting the release of data below the consensus forecast on the background of a reduction in wages. The bad news for the Euro is the sell-off in the precious metals market. With tension between the U.S. and Iran ebbing, and with the signing of a trade truce between the U.S. and China reportedly due on Wednesday, the appetite for safe assets waned markedly, leaving gold futures down 0.65% at $1,550.70 a troy ounce.

Trading recommendation: range 1.1110 -1.1170.

Good and bad news

Origin: FreshForex

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