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

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Signal details
Entry Price: 
1.1680
Close Price: 
1.1659
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
4.5/5 of 6 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. 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.