Sorry, you need to enable JavaScript to visit this website.

EUR/USD Signal - US Non-Manufacturing PMI - 04 Mar 2020

You are here

»
Signal Details
Entry Price: 
1.1140
Take Profit: 
1.1200
Stop Loss: 
1.1100
Direction: 
Buy
Result: 
Loss
How we trade
Average: 4.5 (8 votes)

The euro is trading higher on weaker US yields. The collapse in US yields means the spread with German bonds is diminishing. Meanwhile, the Fed announced 50 basis point rate cut to mitigate the economic fallout from the coronavirus crisis. Today, forex traders will follow the US manufacturing data for some fresh ideas.

eurusd signal 04 mar 2020

Submitted by Toni H. on Wed, 04 Mar 2020 11:50:34 GMT

Live Broker Spreads

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.

Site Pages

Legal Pages

Social Corner

Trading tools