FX.co ★ Trading Plan EURUSD 05/10/2019

Friday's main event - Trump has introduced new increased duties on goods worth $200 billion from China. Former tariffs on these goods have been raised from 10% to 25%.

Despite expectations, China did not rush to make concessions to the United States. The reason for the introduction of duties, according to the United States is that China is trying to violate the agreements reached with the United States on trade.

China immediately announced that it was preparing a response to new US duties — an official response would be announced later.

EURUSD: We keep buying from 1.1220

Alternative: Sell from 1.1130