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EUR/USD trading signal - EU Inflation and GDP data - 31 Jul 2018

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Signal details
Entry Price: 
1.1730
Close Price: 
1.1690
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

EURUSD is trading higher around 1.1740 after EU inflation and GDP data, while the data is mixed, the ECB cares about inflation more than anything else. We would expect the pair to retrace some of the recent gains and eventually close lower on the day. Looking on the calendar, U.S. core PCE report is coming next and could potentially straighten the U.S. dollar.

eurusd trading signal 31 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.