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EUR/USD trading signal - Rising fears of currency wars - 20 Jul 2018

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Signal details
Entry Price: 
1.1680
Close Price: 
1.1718
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
4.2/5 of 5 ratings

The Euro is trading lower around 1.1650 amid rising fears of currency wars. On a light calendar, traders would be considering end of the week profit taking and warning signals from IMF about trade wars. Looking at the charts we can see strong bears taking over once again and EURUSD eventually closing lower for 21:00 GMT.

eurusd trading signal 20 jul 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.