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EUR/USD Signal - Fed's Powell testifies - 10 Jul 2019

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Signal Details
Entry Price: 
1.1240
Take Profit: 
1.1200
Stop Loss: 
1.1260
Direction: 
Low
Result: 
Loss
How we trade
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The euro gained over 40 pips in one hour after the release of prepared remarks from Fed's Chair Powell. However, we might see EURUSD plunging again if the chairman sounds less dovish than expected. Fed's Powell is set to hint that a rate cut is coming at the end of this month.

eurusd signal 10 jul 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.