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Euro/American dollar trading signal - EURUSD
Forex Market Price Signals and Analysis
Good Morning Traders,
Today, October 19, Lift-Off offers a SHORT trading signal, on the major EUR/USD pair
Today's inflation data in Britain 10.1% year-on-year 0.5% month-on-month and for the Eurozone 9.9% year-on-year 1.2% month-on-month push down the two European currencies against the U.S. Dollar.
In addition, data on building permits released in September are higher than expected in America, this has strengthened the Dollar, but pushes down the stock markets.
Below chart of EURUSD - with signal detected by Lift-Off
Signal chart of October 19, 2022
SHORT- EUR/USD
Input price: 0.9736 USD (current market price and valid any price until tomorrow)
Stop Loss or adjustment zone: 1.001 USD
Take profit zone: 0.9595 USD
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