FX.co ★ Trading plan 07/29/2019

The pound fell at the end of last week at the inauguration of the new Prime Minister of Britain B. Johnson – this dramatically increased the chances of Britain's exit from the EU without an agreement on October 31.

The fall of the pound dragged down the euro, but the euro remains above the important level of 1.1100.

The franc and the yen are trying to decline against the dollar – but the euro is growing against these currencies.

News on US GDP for the 2nd quarter came out better than expected, GDP growth slowed to 2.1%, but predicted 1.8%.

The main event of the week – the Fed on Wednesday, July 31. Everyone is confident of a reduction in the rate of 0.25%, but it is important whether the reduction will be even more.

EURUSD: Buy from 1.1190.

Sell from 1.1100.