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EUR/USD Signal - EUR Retail Sales (YoY)(Oct) - 02 Dec 2020

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Signal Details
Entry Price: 
1.2066
Take Profit: 
1.2170
Stop Loss: 
1.1975
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

EUR/USD is trading to the upside today prior to EUR Retail Sales (YoY)(Oct). The Retail Sales released by the Statistisches Bundesamt Deutschland is a measure of changes in sales of the German retail sector. It shows the performance of the retail sector in the short term. Percent changes reflect the rate of changes of such sales. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the EUR/USD into the 1.2170 level.

Submitted by Toni H. on Wed, 02 Dec 2020 00:26:39 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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