EXNESS - Analytics

EXNESS

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EURUSD: growth before the publication of the business activity index in the US manufacturing sector

Buy on a level breakthrough of 1.1041 with 1.1095 target. Stop loss = 1.0990.

Reason for the trading strategy

Today, attention should be paid to the ISM publication of the business activity index in the US manufacturing sector. The indicator's possible decline from 50.2 p. to 50 p. will put pressure on the world's reserve currency. In the short term, the USDCAD pair is likely to test the level of 1.1095.

EURUSD, H4

EURUSD



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