FX.co ★ Trading Plan 19/06/2019 EURUSD

The ECB President Draghi tried to lower the euro on Tuesday, June 18: Draghi said that the ECB could make the policy even softer in July. This, however, did not greatly lower the EURUSD rate. The fact is that the possibilities of the ECB to stimulate growth are almost exhausted: the ECB rate is zero, for deposits for banks and generally minus 0.4%. A new incentive package (cash infusion) is unlikely. The moment of the rate increase has been postponed until mid-2020. No tools. Do not forget that the term of office of Draghi is already expiring on October 31 of this year - and the new head of the ECB may have a more conservative view.

The move is now for the Fed - today, June 19, at 21:00 Moscow time, the Fed will announce its policy. In case of a statement of readiness to lower the rate, the Fed is able to turn the dollar to fall - and send the EURUSD rate sharply to the top.

In addition, on Tuesday, June 18, important news about the Trump-China trade war came out. Trump had a telephone conversation - Xi Jing Ping - on trade disputes. According to the US. the conversation is very positive - and negotiations will continue at the G-20 summit next week.

Euro:

Purchase from 1.1250.

Sales from 1.1108.