EXNESS - Analytics

EXNESS

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The deflationary "spiral" disturbs the ECB

Sell on a level breakthrough of 1.0858 with 1.0790 target. Stop loss = 1.0908.

Reason for the trading strategy

The February decline in the Eurozone annual inflation to -0.2% forces the ECB to expand the quantitative easing program from 60 billion to 80 billion euros per month in March and reduce the key deposit rate in the Eurozone by 20 bps to -0.5% per annum. 

 

EURUSD, H4

 



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