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EUR/USD Signal - US Initial Jobless Claims - 26 Mar 2020

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Signal Details
Entry Price: 
1.0950
Take Profit: 
1.0900
Stop Loss: 
1.1000
Direction: 
Sell
Result: 
Loss
How we trade
Average: 4.7 (7 votes)

The euro is trading above 1.0950 amid broad US dollar weakness. We may see a correction if the US Jobless Claims print better than expected. The numbers are forecasted to have risen to 1 million from 281K figure. The report will be a big test for the dollar's safe-haven status.

eurusd signal 26 mar 2020

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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.