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EUR/CHF Signal - EUR Current Account - 18 Jun 2021

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Signal Details
Entry Price: 
1.0932
Take Profit: 
1.0834
Stop Loss: 
1.097
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURCHF is trending to the downside and has made a retracement prior to the EUR Current Account data, which is a net flow of current transactions, including goods, services, and interest payments into and out of the Euro-Zone. Technically the pair has pulled back into the fibonacci golden pocket, which is the space between the 38.2% level and the 61.8% level. We anticipate continued downside on the forex pair.

Submitted by Toni H. on Fri, 18 Jun 2021 03:59:59 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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