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EUR/USD trading signal - EU Consumer Price Index - 17 Oct 2018

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Signal details
Entry Price: 
1.1560
Close Price: 
1.1500
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
4.5/5 of 8 ratings

The Euro is trading near 1.1550 ahead of Eurozone inflation data that is scheduled for 09:00 GMT later today. Traders will also focus on the FOMC minutes to get some insights into future interest rates decisions in the US. We are looking to go long on EURUSD targeting 50 pips profit with possible pullback at 1.1630 level.

eurusd trading signal 17 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.