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EUR/USD trading signal - Germany Consumer Price Index - 27 Sep 2018

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Signal details
Entry Price: 
1.1700
Close Price: 
1.1640
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 13 ratings

The Euro could suffer a further loss on a hawkish Fed policy interpretation, as yesterday the U.S. central bank raised rates by 25 basis point. The negative headlines from Italy concerning the budget also weight on the common currency. Traders can expect a volatile market today with the CPI data from Germany to be released at 12:00 GMT, and we would go short at 1.1700.

eurusd trading signal 27 sep 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.