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EUR/USD trading signal - Fed Interest Rate Decision - 01 Aug 2018

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
21:00 GMT
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4.7/5 of 9 ratings

EURUSD is trading on the downside, with the GDP reports for the second quarter suggested that growth in the Eurozone expanded just 0.3%. The slower economic growth and higher demand for U.S. dollars may push the pair further down and EURUSD eventually to close lower on the day. Looking on the calendar, traders should be interested in Fed's decision on interest rates that is scheduled for 18:00 GMT today.

eurusd trading signal 01 aug 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. 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. All risks and coasts associated with online trading are your responsibility.