FX.co ★ Trading Plan for EUR/USD pair on 05/31/2019

News on US GDP for the first quarter (second reading) is expected. The GDP growth decreased to 3.1% from 3.2% and deflator reduced from + 0.9% to 0.8.

The Fed made it clear that the Fed should not expect an increase in interest rates.

It should be noted that the yield of treasuries decreased to 2% at the beginning of the decline in the stock market.

EUR/USD: Possible upward reversal.

We are ready to buy euros from 1.1220.