EUR/USD Signal - EUR - Germany Trade Balances - 9 Dec 2020

Signal Details

Entry Price:

1.2107

Take Profit:

1.2039

Stop Loss:

1.2163

Direction:

Sell

Result:

Loss

How we trade

EURUSD is trending to the downside today prior to Germany's trade balances data being released. The data is a balance between exports and imports of total goods and services. Technically the pair is trading below the 1h 50 moving average and holding below the 1.2130 pivot, and we anticipate continued downside into 1.2039.

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Submitted by Toni H. on Tue, 08 Dec 2020 23:53:31 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.

EUR/USD Signal - EUR - Germany Trade Balances - 9 Dec 2020

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