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EUR/USD trading signal - ECB Monetary Policy Meeting - 12 Jul 2018

Signal details
Entry Price: 
1.1700
Close Price: 
1.1670
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 5 ratings

Today, traders would be waiting to hear ECB Monetary Policy Meeting that is scheduled for 11:30 GMT. Looking on the one hour chart we see a bearish flag formation that could send the Euro further down to test 1.1650. We expect the price action to reach 1.1700 before the drop resumes.

eurusd trading signal 12 jul 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.