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EUR/USD Signal - ECB President Draghi Speech - 08 May 2019

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Average: 5 (9 votes)

EURUSD is mostly driven by the US-China trade negotiations. The positive industrial numbers from Germany didn't help much the common currency which is looking for direction near 1.1200. Next is Mario Draghi's speech, the ECB President might push the Euro further south if he talks about economic slowdown in the Eurozone.

eurusd signal 08 may 2019

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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.