FX.co ★ Trading Plan for EUR/USD pair on 05/24/2019

EUR/USD trend: signal to the top

Two events had an impact on the market: Theresa May's resignation statement, which is expected Friday. It gives hope for a way out of the endless crisis around Brexit.

Second: The US stock market showed a strong decline. At the same time, the yield of treasuries plummeted, this changes the situation against the dollar.

The EUR/USD rate has broken up a key maximum of 1.1190.

The beginning of the big trend will be a breakthrough above 1.1270.

We buy from 1.1190.