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EUR/USD Signal - ECB President Draghi speech - 05 Dec 2018

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Average: 4.7 (13 votes)

Yesterday, the Euro gave the recent gains by losing over 70 pips despite signs of economic slowdown in the US . The U.S. dollar saw some increasing demand after more confident comments came from Fed's officials suggesting further gradual hikes. Today, forex traders will eye ECB President Draghi speech for some trading impetus.

eurusd signal 05 dec 2018

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.