FX.co ★ Trading plan for EURUSD on 08/05/2019

The main event of last week was Trump's statement that the US will increase duties by another 300 billion goods from China at a rate of 10%.

This caused China's tough statements and the fall of the US dollar.

Duties are scheduled from September 1. The reason – the US-China trade negotiations give nothing.

EURUSD: the euro managed to stop the decline and a turn upward is possible.

We buy euro at the break of 1.1165 up.

We sell from 1.1025.