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EUR/USD Signal - U.S. Trade Balance - 06 Feb 2019

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Signal Details
Entry Price: 
1.1400
Take Profit: 
1.1350
Stop Loss: 
1.1430
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 7 ratings

The Euro is trading below 1.1400 level with further dips forecasted. The negative factory orders in Germany bring more concerns over the Eurozone's largest economy. Traders will focus on upcoming Trade Balance data in the US and Fed's Powell speech.

eurusd signal 06 feb 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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.