EXNESS - Analytics

EXNESS

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EURJPY: growth after the publication of data on Germany's foreign trade

Buy on a level breakthrough of 132.94 with 133.54 target. Stop loss = 132.44.

Reason for the trading strategy

Today, the euro cross rates were supported by Germany's foreign trade data that reflected a recovery in the country's business activity. In September, imports of the Eurozone's largest economy grew by 3.6% (m/m), with a forecast of 0.9% (m/m), and exports grew by 2.6% (m/m), with a forecast of 2.1% (m/m).

EURJPY, H1

EURJPY



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