EUR/USD: Trading the Q2 Preliminary U.S. GDP Report

As market participants expect to see a downward revision in the second-quarter growth rate, the data is likely to spark increased volatility in the currency market as the world’s largest economy continues to face a risk for a protracted recovery. 

Personally I try not to trade into an event risk, preferring to put a trade on immediately after the event happens. 


Read about the upside versus the downside here.