FX.co ★ Trading plan for EURUSD on 07/12/2019

Fed Chairman Jerome Powell gave impetus to the falling dollar, confirming the Fed's willingness to lower the rate, as the US economy is under pressure from the US-China trade disputes. At the same time, the ECB is also ready to start a new round of liquidity injection into the markets in September.

Against this background, on Thursday, the data showed an increase in inflation in the US. The "core" of inflation (without food and gasoline) showed an increase to +2.1% per annum (full inflation is lower, +1.6% per annum).

However, the euro is still growing.

EURUSD: We buy from 1.1250 and further to the breakthrough of 1.1325.

We sell from 1.1180.