EURUSD – Up
EURUSD trading plan:
U.S. consumer sentiment ticked further up in August from a record low earlier this summer, and American households‘ near-term outlook for inflation eased again on the back of tumbling gasoline prices, a fresh survey released. The University of Michigan’s preliminary August reading on the overall index on consumer sentiment came in at 55.1, up from 51.5 in the prior month. It had hit a record low of 50 in June. Indeed, the survey’s one-year inflation expectation fell to a six-month low of 5.0% from 5.2%, while its five-year inflation outlook edged up to 3.0% from 2.9%, holding within a range that has prevailed for the past year.
Investment idea: sell 1.0250 and take profit 1.0200.
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