EXNESS - Analytics

EXNESS

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EURUSD: under pressure against the background of preservation of low inflationary pressure in the euro zone

Sell on a level breakthrough of 1.0710 with 1.0650 target. Stop loss = 1.0760.

Reason for the trading strategy

In December 2015, consumer prices increased by 0.2% (y/y) with a forecast of 0.3% (y/y). In November, inflation in the region was also 0.2% (y/y). For more than two years inflation in the euro zone has been maintained lower than the 2% (y/y) level, targeted by the ECB, despite the decrease in the key interest rate to 0.05% and the quantitative easing program.

 

EURUSD, H4



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