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EUR/USD - Retail Sales (YoY)(Aug) - 05 Oct 2020

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Signal Details
Entry Price: 
1.1722
Take Profit: 
1.1680
Stop Loss: 
1.1755
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EUR/USD is trading to the downside today after Retail Sales (YoY)(Aug). The Retail Sales released by the Eurostat is a measure of changes in sales of the Euro zone retail sector. It shows the performance of the retail sector in the short term. Technically the pair is trading above the 50 moving average, and we anticipate further downside on the EUR/USD into the 1.1680 level.

Submitted by Toni H. on Mon, 05 Oct 2020 00:14:29 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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