FX.co ★ Trading plan for EURUSD on 10/02/2019

The downward trend of the EURUSD pair is on the verge of stopping.

On Tuesday, the ISM industrial index report for September was released. The index came out significantly below the forecast at 48.7. Values below 50 indicate a decrease in the activity. This is the second month of a slowdown in the industry in a row. This immediately caused the euro to rise from the lows (the last big white candle on the chart above).

It is noteworthy that previously the market practically did not respond to the news.

Thus, the downward trend is on the verge of cancellation.

EURUSD

We are currently selling from 1.0990. However, if we increase to 1.0945, we will buy it with a turn and stop at 1.0900.