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EUR/JPY Signal - ECB Deposit Rate Decision - 25 Jul 2019

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Signal Details
Entry Price: 
120.40
Take Profit: 
119.80
Stop Loss: 
120.60
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 4 ratings

EURJPY is trading close to 120.40 ahead of the ECB deposit rate decision. Forex traders will follow closely the ECB live coverage as higher volatility is expected. The dark clouds over the Eurozone economy may prompt pre-emptive rate cuts as soon as end of July.

eurjpy signal 25 jul 2019

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.