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EUR/USD Signal - US ISM Manufacturing PMI - 03 Jan 2019

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The Euro suffered almost 200 pips loss in the first trading session of the New Year, China's economic slowdown fueled the massive sell-off. The global flight to safety provided a strong boost to the US dollar. Traders will eye ISM manufacturing data from the US for some short-term impetus. We would expect the Euro to recover some of the recent losses before the busy Friday.

eurusd signal 03 jan 2019

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.