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EUR/USD Signal - EUR EcoFin Meeting - 26 Jul 2021

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Signal Details
Entry Price: 
1.1768
Take Profit: 
1.1737
Stop Loss: 
1.1793
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURUSD is trending to the downside currently prior to the EUR EcoFin Meeting, which covers areas such as coordinated economic measures, budgetary policies, public finances, capital movements and financial markets. Technically the pair is below the moving average ribbon and is in a descending wedge pattern. We anticipate continued downside into the 1.1737 level.

Submitted by Toni H. on Mon, 26 Jul 2021 01:18:08 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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