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EUR/USD Signal - German and Eurozone GDP - 14 Nov 2018

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Signal Details
Entry Price: 
1.1320
Take Profit: 
1.1260
Stop Loss: 
1.1340
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 4 ratings

EURUSD is trading at around 1.1300 ahead of the German GDP and Eurozone GDP data. Traders will also eye the release of U.S. CPI that is scheduled for 13:30 GMT later on the day. The further EURUSD recovery appears limited as German data is likely to show the economy contracted by 0.1 percent. We would expect Euro to sharply grow before it is put under pressure again.

eurusd signal 14 nov 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.