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EUR/USD Signal - German Factory Orders - 06 Apr 2020

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Signal Details
Entry Price: 
1.0800
Take Profit: 
1.0880
Stop Loss: 
1.0760
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (9 votes)

The euro is trading below 1.08 level amid economic slowdown in Europe. The German Factory Orders dropped 1.4% MoM and the Eurozone SIC plunged to -42.9 level. Traders will follow the health situation in Europe, positive coronavirus news may send the euro higher.

eurusd signal 06 apr 2020

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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.