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EUR/SGD Signal - EUR CPI Data - 1 Dec 2020

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Signal Details
Entry Price: 
1.6014
Take Profit: 
1.6078
Stop Loss: 
1.5980
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

EURSGD is trending to the upside today prior to the EUR CPI Data release. The data is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Technically the pair has bounced out of the 50 moving average/ previous structure at 1.5990, and we anticipate further upside into the 1.6078 level.

Submitted by Toni H. on Tue, 01 Dec 2020 03:45:02 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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