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EUR/USD Signal - Germany Trade Balance - 08 Feb 2019

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4.8/5 of 6 ratings

The Euro sell-off continues amid economic slowdown in the Eurozone, the EU GDP was downgraded to 1.3% from 1.9% previously. Today, traders will focus on the Germany Trade Balance data which is scheduled for 07:00 GMT. We would expect EURUSD to test 1.1300 low.

eurusd signal 08 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.