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EUR/USD Signal - EU Consumer Price Index - 03 Mar 2020

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Signal Details
Entry Price: 
1.1120
Take Profit: 
1.1040
Stop Loss: 
1.1160
Direction: 
Sell
Result: 
Loss
How we trade
Average: 4.5 (11 votes)

EURUSD is trading lower with markets pricing higher odds of a ECB rate cut. Other traders think the bank has no room left for further easing. The pair gained over 130 pips on Monday, we may see a correction if the Eurozone inflation prints below the forecast.

eurusd signal 03 mar 2020

Submitted by Toni H. on Tue, 03 Mar 2020 08:43:41 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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