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EUR/USD Signal - JP Morgan expects recession - 13 Mar 2020

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Signal Details
Entry Price: 
1.1120
Take Profit: 
1.1200
Stop Loss: 
1.1080
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (9 votes)

EURUSD is trading at 1.1200 amid recession fears. JP Morgan expects the US economy to enter recession this year and we may see the euro on the rise again. The common currency may continue to draw haven bids in today's trading session. Forex traders will also follow the German inflation data.

eurusd signal 13 mar 2020

Submitted by Toni H. on Fri, 13 Mar 2020 06:10:49 GMT

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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.

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