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EUR/USD trading signal - U.S. Manufacturing PMI - 01 Nov 2018

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Signal details
Entry Price: 
1.1400
Close Price: 
1.1408
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 5 ratings

The Euro recovered from the lows of 1.1300 and is heading now towards 1.1400 where it will eventually retrace some of the recent gains. The reports about Brexit deal on financial services boosted the British pound and the Euro both. Today release of US Manufacturing PMI will be looked for some short term trading impetus. For our daily trades we might short EURUSD at 1.1400 targeting 30 pips profit.

eurusd signal 01 nov 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.