EXNESS - Analytics

EXNESS

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Real

There risks of the euro falling to the level $1.075 exist

Sell on a level breakthrough of 1.0843 with 1.0750 target. Stop loss = 1.0900.

Reason for the trading strategy

In September, the volume of industrial orders in Germany decreased by 1.7% (m/m). A worsening economic situation in the Eurozone's largest economy will put pressure on the euro. M.Dragi's comments, made yesterday about the readiness of the ECB for a further easing of the monetary policy to combat low inflation in the Eurozone, were conducive to sales of the euro.

EURUSD, H4

EURUSD



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