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EUR/USD Signal - ECB Nominated President speech - 03 Sep 2019

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EURUSD is trading near 1.0950 ahead of Lagarde's speech. The forex markets had started pricing in a 60% chance of a 20-bps rate cut by the ECB. If the new nominated President sounds less dovish than expected we might see some short term recovery.

eurusd signal 03 sep 2019

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.