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EUR/USD Signal - Global Trade Balance - 16 Feb 2021

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Signal Details
Entry Price: 
1.21263
Take Profit: 
1.21600
Stop Loss: 
1.21100
Direction: 
Buy
How we trade
Average: 4.7 (3 votes)

The EUR/USD is trading to the upside today prior to the EUR Global Trade Balance. The Trade Balance released by the National Institute of Statistics is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the Euro. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the EUR/USD into the 1.21600 level.

Submitted by Toni H. on Tue, 16 Feb 2021 04:18:24 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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