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EUR/USD Signal - US yields drop on risk aversion - 06 Jan 2020

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Signal Details
Entry Price: 
1.1150
Take Profit: 
1.1200
Stop Loss: 
1.1120
Direction: 
High
Result: 
Void
How we trade
Average: 4.3 (6 votes)

EURUSD is trading higher at 1.1170 ahead of the Eurozone PMI data. The current geopolitical tensions are likely to overshadow the economic releases and forex traders will focus on the political events. President Trump warned of retaliation if Iran attacks and the markets turned risk-averse. The euro is backed by a current account surplus and traders may the single currency as a save haven.

eurusd signal 06 jan 2020

Submitted by Toni H. on Mon, 06 Jan 2020 08:43:20 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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