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EUR/USD trading signal - ECB Interest Rate Decision - 25 Oct 2018

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Signal details
Entry Price: 
1.1390
Close Price: 
1.1374
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 5 ratings

Yesterday, the bounce of 1.1450 level did not happen and the pair slumped below 1.1400 with deeper plunge on the cards today. The selling pressure accelerated with increased U.S. dollar demand and fragile political environment in the EU. The ECB meeting today is set to deliver little new policy signals that might change EURUSD direction. A close below 1.1390 might push the pair further down.

eurusd trading signal 25 oct 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.