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March, 19 - trading EUR/USD is a hazard right now!

Finally, we do not have to wait in order to find out what reaction EUR/USD couple is going to have towards all of the anticipated reports that we saw coming today. Although the situation may seem critical right now it seems, that traders are not ready to give up on the couple just yet. Seems that long and short term prognosis for the couple are going to be different as we can clearly with its performance.

 

eurusd 19.03.2019

 

We see that after the German economic sentiment report, which is a primary indicator of the economic health of the region investors decided that long-term work with euro might actually be better for the currency. Right now we see a massive selloff, although the overall prognosis doesn’t seem to be all that dramatic.

 

Long and short term prognosis being different doesn’t really add any of the confidence to us today, so we are to rely on trading signals and trading signals only!

 

 

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