Our free forex signals service today looks at the EUR/USD and we have the entry, stop and take profits levels for you. The EUR/USD pair gains momentum on Thursday as the risk flows improve weighing on the US dollar (safe-haven asset). The pair has gained back the 1.1850 area after briefly slipping lower on the day. –Are you interested to learn more about day trading brokers? Check our detailed guide- ECB’s emergency monetary support is back on the table following the recovery of the Eurozone economy and an increase in inflation. On Wednesday, German Bundesbank chief Jens Weidmann discussed reducing this stimulus after inflation in the Euro area jumped to 3% earlier this week. “We need to track risks to forecast prices. From my point of view, growth risks prevail,” said the head of the Bundesbank. The recent ECB meeting contained the most explicit acknowledgement of excessive inflationary risks since the pandemic outbreak 19 months ago, despite Weidmann and his falcon colleagues Robert Holzmann and Klaas Noth more often being in the minority in the Governing Council. In addition to cautiously anticipating the August release of the US employment report, investors are also waiting to see the Federal Reserve policy after that. Get FREE Forex Signals Now! ADP’s nonfarm employment changes disappointed at 374,000 despite median forecasts predicting a 750,000 increase. Later Thursday, the weekly initial claims data will also be closely watched as a preview of Friday’s report. The FOMC’s meeting in September may count on August’s NFP report as the market participants are expecting a timeline announcement of tapering. However, if the labor market doesn’t show signs of progress, the Fed may not be in a position to provide a tapering schedule. EUR/USD free forex signals Instrument: EUR/USD Order Type: BUY STOP Entry price: 1.1863 Stop Loss: 1.1792 TP1: 1.1984 Our Risk Setting: 1% Risk / Reward Ratio: 1:1.7 Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next Tezos Price Retreats: Time To Buy XTZ Before The Big Jump Gerald Fenech 1 year Our free forex signals service today looks at the EUR/USD and we have the entry, stop and take profits levels for you. The EUR/USD pair gains momentum on Thursday as the risk flows improve weighing on the US dollar (safe-haven asset). The pair has gained back the 1.1850 area after briefly slipping lower on the day. –Are you interested to learn more about day trading brokers? Check our detailed guide- ECB's emergency monetary support is back on the table following the recovery of the Eurozone economy and an increase in inflation. On Wednesday, German Bundesbank chief Jens Weidmann discussed reducing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.