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EUR/USD trading signal - Eurozone Inflation data - 31 Oct 2018

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Signal details
Entry Price: 
1.1300
Close Price: 
1.1311
Direction: 
High
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 8 ratings

A slowdown of the Eurozone GDP pushed the Euro lower to 1.1336 level, the bearish case might continue today if the US unemployment data beats estimates. Traders will also eye the upcoming inflation data from the Eurozone which release is scheduled for 10:00 GMT later on today. In our scenario EURUSD might test 1.1300 and eventually to trigger some recovery in the near term after.

eurusd trading signal 31 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.