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EUR/USD trading signal - U.S. Fed's Powell Speech - 17 Jul 2018

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Signal details
Entry Price: 
1.1730
Close Price: 
1.1660
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 6 ratings

Today, traders will be looking to hear Fed's Jerome Powell speech who is expected to deliver remarks in Congress for eventual rate increases. Currently, the Euro is trading higher 0.15% at 1.1730 and we see it as top formation that could push the prices lower to test 1.1700 level. Please keep in mind that it is a risky call as prices might bounce from the lower levels.

eurusd trading signal 17 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.