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EUR/USD Signal - US Inflation data - 10 May 2019

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5/5 of 6 ratings

The Euro is making tops near 1.1235 level on the hourly chart which probably means the bulls are getting tired. On the other side the US CPI for April is projected to rise 2.1% from 2.0% in March. An increase in inflation would be cheerful for the U.S. dollar. Meanwhile, the trade talks in Washington will continue influencing the major pair.

eurusd signal 10 may 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.