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EUR/USD Signal - US Nonfarm Payrolls - 08 Mar 2019

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Signal Details
Entry Price: 
1.1200
Take Profit: 
1.1260
Stop Loss: 
1.1170
Direction: 
High
Result: 
Profit
How we trade
4.7/5 of 10 ratings

The Euro lost over 140 pips in just one day after the European Central Bank revised the GDP forecasts and cut down inflation predictions. Today, the German factory orders and the US employment data will be interesting to watch for some fresh impetus. While we might see some short recovery on EURUSD, a strong US jobs report will likely doom the Euro.

eurusd signal 08 mar 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.