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EUR/USD Signal - US ADP Employment - 05 Jun 2019

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EURUSD is trading near 1.1250 ahead of the US ADP employment data and Non-manufacturing PMI. Yesterday, the Fed's chair Powell suggested that rates cut is possible amid escalating trade tensions. The euro might hit 1.1300 level if the broad-based US dollar weakness continues.

eurusd signal 05 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.