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EUR/USD Signal - US GDP Annualized - 29 Apr 2020

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Signal Details
Entry Price: 
1.0850
Take Profit: 
1.0800
Stop Loss: 
1.0880
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (9 votes)

EURUSD is trading at 1.0850 ahead of the Fed. The central bank is expected to publish new economic forecasts. Forex traders will be looking forward to see the GDP numbers, some experts already forecasted annualized fall of 4%. The German Harmonized CPI will also influence the markets. First we may see the euro dropping to 1.08 and then to get some bids.

eurusd signal 29 apr 2020

Submitted by Toni H. on Wed, 29 Apr 2020 10:41:12 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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