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EUR/USD Signal - EUR Producer Price Index - 19 Mar 2021

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Signal Details
Entry Price: 
1.1916
Take Profit: 
1.1990
Stop Loss: 
1.1870
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURUSD is ranging today prior to the EUR producer price data. The data measures the average changes in prices in the German primary markets. Technically the pair has broken the resistance trendline, and is now in a trading range. We are looking to buy the support and take profit at the range resistance.

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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.