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EUR/USD Signal - US Gross Domestic Product Q1 - 30 May 2019

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Signal Details
Entry Price: 
1.1140
Take Profit: 
1.1180
Stop Loss: 
1.1120
Direction: 
High
Result: 
Loss
How we trade
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EURUSD is trading little changed ahead of the US GDP Q1 data. The pair appeared to chase a new low for 2019 but that could change if the US GDP is revised lower than expected. Poor GDP numbers will increase fears for Fed rate cuts which is not good for the dollar.

eurusd signal 30 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.