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EUR/USD Signal - USD 3 Month Bill Auction - 7 Jun 2021

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Signal Details
Entry Price: 
1.2162
Take Profit: 
1.2110
Stop Loss: 
1.2195
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURUSD has traded into resistance today prior to the 3 month Bill auction, which shows the yield for the 3 month bill. Technically the pair is trending to the downside and has traded back to structure. The PPO is showing overextended levels, and price has given a bearish confirmation.

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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.