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EUR/USD Signal - USD Consumer Confidence - 27 Apr 2021

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Signal Details
Entry Price: 
1.2080
Take Profit: 
1.2021
Stop Loss: 
1.2141
Direction: 
Sell
How we trade
Average: 4.7 (3 votes)

EURUSD has rebounded from the daily trendline prior to the USD consumer confidence data, which measures the average consumers confidence in the overall economic health of the USA. Technically the pair has had selling resume out of the trendline, which formed in January 2021. This provides a third touch, confirming the trendline as a resistance.

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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.