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EUR/USD Signal - ECB President Lagarde speech - 02 Dec 2019

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Signal Details
Entry Price: 
1.1030
Take Profit: 
1.0990
Stop Loss: 
1.1050
Direction: 
Low
Result: 
Loss
How we trade
Average: 4.8 (9 votes)

EURUSD is trading at 1.1030 ahead of Lagarde. The ECB President Lagarde will speak today at 14:00 GMT, she is likely to reiterate the need for fiscal stimulus. Meanwhile, the political uncertainty in Germany might push the euro lower. Forex traders will also follow the US Manufacturing PMI data, better than expected numbers will weight on the common currency.

eurusd signal 02 dec 2019

Submitted by Toni H. on Mon, 02 Dec 2019 13:38:16 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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