EXNESS - Analytics

EXNESS

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The Chinese "drama" keeps up the interest in the euro

Buy on a level breakthrough of 1.0940 with 1.0992 target. Stop loss = 1.0890.

Reason for the trading strategy

Today, the CSI 300 Index is in the "red zone" and is losing more than 3%. At the moment, the risks of a "collapse" of China's economy are supporting the interest in the euro and the protective assets. As the situation in China and the growth of the US economy stabilize, the downward trend in the EUR/USD pair will resume.

EURUSD, H4

EURUSD



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