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EUR/USD Signal - EUR Producer Price Index - 20 Oct 2020

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Signal Details
Entry Price: 
1.1776
Take Profit: 
1.1727
Stop Loss: 
1.1805
Direction: 
Sell
How we trade
Average: 5 (4 votes)

EURUSD has found resistance at the trendline prior to EUR producer price index data. This measures the average changes in prices in the German primary markets. Technically the pair has bounced off the trendline and we anticipate further downside prior to the data release with targets at 1.1727.

Submitted by Toni H. on Tue, 20 Oct 2020 04:36:13 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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