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EUR/USD trading signal - Political uncertainty in Germany - 29 Oct 2018

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Signal details
Entry Price: 
1.1430
Close Price: 
No Trade
Direction: 
Low
Expiry Time: 
21:00 GMT
How we trade
5/5 of 7 ratings

The Euro is flying south since mid October, Merkel's party drop in voters might not help the common currency. The political uncertainty in Germany could drag the Euro further down after we witnessed some decent recovery on Friday. In our scenario we see EURUSD reaching 1.1430 where the bears take over.

eurusd trading signal 29 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.