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EUR/USD Signal - German Harmonized CPI - 13 Feb 2020

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Signal Details
Entry Price: 
1.0870
Take Profit: 
1.0830
Stop Loss: 
1.0900
Direction: 
Low
Result: 
Profit
How we trade
4.8/5 of 4 ratings

The euro is trading lower amid Eurozone growth concerns and Germany manufacturing recession. The markets are pricing now about six basis points of rate cut by the end of 2020. If the US CPI beats the estimates by a big margin we may see EURUSD falling further down.

eurusd signal 13 feb 2020

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.