EXNESS - Analytics

EXNESS

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EURUSD: adjustment from the level of 1.0705

Sell on a level breakthrough of 1.0705 with 1.0650 target. Stop loss = 1.0755.

Reason for the trading strategy

The EUR/USD pair tested the mark of 1.0705 last Friday. The strong US labor market data for October put pressure on it. The number of jobs in the non-agricultural sectors of the economy grew by 271 thousand, with a forecast of a growth by 184 thousand jobs. The unemployment in the USA reached 5%, with a forecast of 5.1%.

EURUSD, H4

EURUSD



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