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EUR/USD Signal - EUR Market Services PMI - 23 Aug 2021

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Signal Details
Entry Price: 
1.1695
Take Profit: 
1.1730
Stop Loss: 
1.1660
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURUSD has broken the downtrend structure prior to the EUR Market Services PMI, which is an indicator of the economic situation in the Euro Zone services sector. It captures an overview of the condition of sales and employment. Technically the pair has broken the downtrend structure and has bounced from 50 hour moving average support. We anticipate continued upside.

Submitted by Toni H. on Mon, 23 Aug 2021 00:01:19 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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