EUR/USD Signal - Eurozone Preliminary PMI - 23 Apr 2020

Signal Details

Entry Price:

1.0800

Take Profit:

1.0750

Stop Loss:

1.0830

Direction:

Sell

Result:

Loss

How we trade

EURUSD is trading lower amid weak PMIs in Europe. The French PMIs plunged to a record low at 10.4 and the German PMI data came at 15.9 level. The weak data may send the euro further down. The EU leaders still can not agree on the fiscal spending which also may weight on the common currency. Forex traders will also follow the Initial Jobless Claims in the US.

eurusd signal 23 apr 2020

Submitted by Toni H. on Thu, 23 Apr 2020 08:46:06 GMT

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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. 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. All risks and coasts associated with online trading are your responsibility.

EUR/USD Signal - Eurozone Preliminary PMI - 23 Apr 2020

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