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EUR/USD Signal - EU Finance Ministers Meeting - 16 Mar 2020

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Signal Details
Entry Price: 
1.1100
Take Profit: 
1.1220
Stop Loss: 
1.1060
Direction: 
Buy
Result: 
Profit
How we trade
Average: 4.6 (9 votes)

The U.S. dollar was broadly dumped during the Asia session after the Fed announced a rate cut to zero. The Fed also announced $700 billion increase in bond holdings. However, the market is not convinced the Fed's stimulus efforts will be enough. Today, forex traders will follow the EU Finance Ministers meeting for some fresh news.

eurusd signal 16 mar 2020

Submitted by Toni H. on Mon, 16 Mar 2020 05:16:19 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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