EXNESS - Analytics

    EXNESS

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    EURUSD: growth after the publication of the US labor market report

    Buy on a level breakthrough of 1.1121 with 1.1251 target. Stop loss = 1.1070.

    Reason for the trading strategy

    The downward revision (by 60 thousand) in April-May in the number of jobs outside the US agricultural sector makes an increase (by 25 b. p.) in the US key interest rate extremely unlikely in July.
    For a development of a full adjustment in reducing the EUR/USD pair it is necessary to overcome the 1.1121 resistance level.

     

    EURUSD, H4

    EURUSD


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