FX.co ★ Trading plan 10/08/2019

The EURUSD pair continues to consolidate below the level of 1.1000 – apparently preparing a breakthrough upward.

News: The United States has imposed sanctions against 28 Chinese companies, including 9 large technology companies. The reason is the violation of human rights in China against the Uighurs.

Previously, the United States has almost always ignored human rights violations in China. This US decision came before the start of trade negotiations with China.

EURUSD:

We keep purchases from 1.0945.

Possible purchases from 1.1000.

Sales from 1.0875.