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EUR/USD Signal - Eurozone Inflation data - 04 Jun 2019

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Signal Details
Entry Price: 
1.1240
Take Profit: 
1.1300
Stop Loss: 
1.1220
Direction: 
High
Result: 
Profit
How we trade
5/5 of 7 ratings

EURUSD is trading near 1.1260 amid weak inflation data in the Eurozone which dropped to 1.2% in May. The euro might turns bullish again if the rumours of Fed rates cut increase. Chairman Powell will speak later today and he will probably give some insights into to the monetary policy.

eurusd signal 04 jun 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.