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EUR/USD trading signal - EU Markit Services PMI - 03 Oct 2018

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Signal details
Entry Price: 
1.1555
Close Price: 
1.1477
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 5 ratings

The Euro looks set to continue the rally as Italy is planning to cut its budget deficit. The expected reaction from 1.1555 level happen earlier today during the Asia session. EURUSD is currently trading at 1.1580 ahead of plenty of mid-tier data from the Euro zone. Traders will pay attention on Italy's situation as well as Fed's Powell speech that is scheduled for 20:00 GMT today.

eurusd trading signal 03 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.