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EUR/USD Signal - German Manufacturing PMI - 02 May 2019

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Average: 5 (5 votes)

Yesterday, the Euro dropped 60 pips from 1.1260 highs, after Chief Powell downplayed the inflation drop. Currently, the common currency is trading near 1.1220 and we might see further drops during the US session. The Germany Manufacturing PMI came slightly below expectations.

eurusd signal 02 may 2019

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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.