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EUR/USD Signal - EUR Trade Balance - 09 Nov 2020

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Signal Details
Entry Price: 
1.1890
Take Profit: 
1.1945
Stop Loss: 
1.1840
Direction: 
Buy
Result: 
Loss
How we trade
Average: 5 (1 vote)

EUR/USD is trading to the upside today prior to EUR Trade Balance. The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. A positive value shows a trade surplus, while a negative value shows a trade deficit. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the EUR/USD into the 1.1945 level.

Submitted by Toni H. on Mon, 09 Nov 2020 00:26:53 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.

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