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EUR/USD Signal - EUR Italy Consumer Price Index - 15 Jul

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Signal Details
Entry Price: 
1.1829
Take Profit: 
1.1744
Stop Loss: 
1.1881
Direction: 
Sell
How we trade
Average: 5 (2 votes)

EURUSD is cycling to the downside prior to Italy's CPI data, which measures the change in price across a representative basket of goods and services, and is used to measure inflation. Technically the pair has traded into a key level as resistance, and the RSI has turned bearish. We anticipate downside into 1.1744.

Submitted by Toni H. on Thu, 15 Jul 2021 00:37:05 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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