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EUR/USD LONG

by SignalFactory   ·  September 5, 2019 | 04:10:59 UTC  

EUR/USD LONG

by SignalFactory   ·  September 5, 2019 | 04:10:59 UTC  

The dollar fell against most major currencies, though gained on the safe-haven yen, as the UK parliamentary vote, positive economic data in the United States and China and hopes for a de-escalation in Hong Kong’s political crisis lured investors to riskier assets.

Against a basket of currencies, the dollar hit a one-week low of 98.390

Today the focus will be US employment data, including the ADP survey, ahead of the release of the Nonfarm Payroll report on Friday.

Fears of a US recession could put the dollar under further selling pressure if data disappoints.

EUR/USD LONG (Buy)

ENTER AT: 1.10240

T.P: 1.10440

S.L: 1.09900

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