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EUR/USD Signal - ECB Deposit Rate Decision - 12 Sep 2019

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Signal Details
Entry Price: 
1.1040
Take Profit: 
1.0960
Stop Loss: 
1.1060
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 5 ratings

EURUSD is trading higher ahead of the critical ECB meeting. The market has already priced a 10 basis points rate cut as the central bank is expected to cut deposit rates. The common currency may break below 1.10 if the ECB decides to cut rates by more than 10 basis point.

eurusd signal 12 sep 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.