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EUR/USD Signal - Germany Producer Price Index - 20 May 2019

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Signal Details
Entry Price: 
1.1170
Take Profit: 
1.1150
Stop Loss: 
1.1190
Direction: 
Low
Result: 
Profit
How we trade
4.8/5 of 10 ratings

This week focus will be on the Eurozone PMI figures, which will be released on Thursday. The Euro will probably remain under pressure with manufacturing expected to slow down. Further, the ECB policymaker Klass Knot voiced concerns about weak inflation. Currently, EURUSD is getting some bids amid some positive PPI numbers from Germany.

eurusd signal 20 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.