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EUR/USD Signal - German Harmonized CPI - 30 Oct 2019

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Signal Details
Entry Price: 
1.1120
Take Profit: 
1.1080
Stop Loss: 
1.1150
Direction: 
Low
Result: 
Profit
How we trade
4.7/5 of 14 ratings

EURUSD is trading below 1.1120 ahead of the German CPI data. A weaker than expected data will probably send the euro further down. Later today, the Fed is expected to deliver a 25 basis point rate cut which is already priced in. The euro might get some bids only if the Fed keeps the door open for additional rate cut.

eurusd signal 30 oct 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.