EXNESS - Analytics

EXNESS

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Real

EURUSD: under pressure before the publication of the Consumer Price Index in the euro zone.

Sell on a level breakthrough of 1.0781 with 1.0700 target. Stop loss = 1.0831.

Reason for the trading strategy

The 0.1% (m/m) decline in Germany's inflation in December indicates the development of deflationary processes in the euro zone's largest economy. The decline in oil prices to 11-year lows plays an important role in this. Today, attention should be paid to the publication of the Consumer Price Index in the euro zone.

 

EURUSD, H1

 



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