EXNESS - Analytics


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EURUSD: Consolidation in the rage of 1.1152-1.1316

Buy on a level breakthrough of 1.1316 with 1.1383 target. Stop loss = 1.1260.

Reason for the trading strategy

The technical picture in the EUR/USD pair is not considerably changed. It continues to consolidate in the rage of 1,1152-1,1316. Yesterday's statement made by A.Tsipras that Europe is preparing to the country's exit from the eurozone does not give a clear support the euro. At the same time, the decline in the ZEW economic sentiment index in the eurozone from 61.2 p. to 53.7 p. in June is putting pressure on the euro. In the evening, all investors will be focused on J. Yellen's speech.



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