EXNESS - Analytics

EXNESS

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EURUSD: consolidation before the publication of inflation in the Eurozone

Buy on a level breakthrough of 1.0637 with 1.0688 target. Stop loss = 1.0587.

Reason for the trading strategy

In October, the unemployment rate in the Eurozone fell from 10.8% to 10.7%. These data and the November expectations of an accelerating inflation in the region from 0.1% to 0.2% per annum support the euro. The strong macroeconomic statistics does not involve any significant further expansion of the asset purchases program in the Eurozone.

EURUSD, H4

EURUSD



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