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EUR/USD Signal - US Nonfarm Payrolls - 06 Mar 2020

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Signal Details
Entry Price: 
1.1340
Take Profit: 
1.1280
Stop Loss: 
1.1370
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (7 votes)

EURUSD is trading at 1.1320 ahead of the NFP report. The euro is moving higher all week amid coronavirus fears. The demand for euros increased also due to ECB's negative rates. Today, we may see a EURUSD correction if the US job numbers beat expectations.

eurusd signal 06 mar 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.