Welcome trading legends,
In this blog, we’ll be trading the EUR/USD asset using the signals provided by the Tools Trades website and the IQ Option broker. Be sure to stick to the end of the video as I’ll be sharing a special promo code with you.
Allow me to explain why I’m trading this particular asset.
The Euro is edging higher on Thursday after the release of a Euro Zone producer price report that showed growth accelerated in February. Meanwhile, European Central Bank President Christine Lagarde said the coronavirus pandemic will weigh on Euro Zone growth over the coming months but longer-term risks are receding and growth will pick up once lockdown measures can be lifted.
In the United States, first-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market, the Labor Department reported Thursday.
First-time claims for the week ended April 3 totaled 744,000, well above the expectation for 694,000 from economists surveyed by Dow Jones. The total represented an increase of 16,000 from the previous week’s upwardly revised 728,000.
The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the Euro rose 0.5% month-on-month for a 1.5% year-on-year rise.
Finally, Lagarde said in a statement that echoes the bank’s policy stance after its March meeting, “Overall, the risks surrounding the Euro Area growth outlook have become more balanced, although downside risks associated with the pandemic remain in the near term.”
As you can see the signals from the Tools Trades website have worked!
The main trend is down according to the daily swing chart, however, momentum has been trending higher since the formation of the closing price reversal bottom on March 31.
The main trend will change to up on a trade through 1.1989. A move through 1.1704 will negate the reversal bottom and signal a resumption of the downtrend.
As you can see, the signals from Tools Trades have worked!
The promo code that you see on the screen will give you more trading signals if you use them on the Tools Trades website.
Be sure to watch my other videos on the channel and read the blog page so you learn more. If you want more videos like this be sure to like and subscribe. Thanks for watching and
May the Forex be with you.
Comments