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EUR/USD Signal - Speeches by ECB officials - 16 May 2019

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EURUSD is consolidating near 1.1200 level and the pair looks for direction. The delay of US tariffs on EU products might boost the European single currency in the short term. Amid lack of economic events in Europe, traders will focus on the upcoming speeches from ECB officials. US will release jobless claims later on today.

eurusd signal 16 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.