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EUR/USD Signal - EUR ECB Lagarde Speech - 20 May 2021

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Signal Details
Entry Price: 
1.2172
Take Profit: 
1.2060
Stop Loss: 
1.2220
Direction: 
Sell
How we trade
Average: 5 (2 votes)

EURUSD is trending to the downside today prior to the EUR ECB Lagarde speech, which will provide further insight into the ECB's monetary and economic outlook. Technically the pair has been in a rising wedge pattern and rebounded out of a significant pivot zone. We anticipate continued downside into the 1.2060 level.

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Submitted by Toni H. on Wed, 19 May 2021 23:48:27 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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