EXNESS - Analytics


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EURUSD: consolidation in the range of 1.0990-1.1053

Buy on a level breakthrough of 1.1053 with 1.1137 target. Stop loss = 1.1003.

Reason for the trading strategy

The ISM business activity index in the US manufacturing sector for October, fell from 50.2 p. 50.1 p., but was better than the forecast of 50 p. A similar figure for the Eurozone increased from 52 p. to 52.3 p. The statistics supports the EUR/USD pair near the level of 1.1.



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