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EUR/USD trading signal - Italy fiscal profligacy - 02 Oct 2018

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Signal details
Entry Price: 
1.1550
Close Price: 
1.1547
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 6 ratings

The focus is on Italy, concerned about Italy's fiscal profligacy Brussels is asking the Italian government to reduce its public debt, while the greenback enjoys higher demand. EURUSD is currently trading below 1.1580 sliding towards important level 1.1555 where we could expect some reaction. Today, traders would be looking at Fed's Powell speech that is scheduled for 16:45 GMT.

eurusd trading signal 02 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.