EXNESS - Analytics

    EXNESS

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    EURUSD: Consolidation in the range of 1.1048-1.1129

    Buy on a level breakthrough of 1.1129 with 1.1214 target. Stop loss = 1.1070.

    Reason for the trading strategy

    Since the beginning of this week, the yield spread between 10-year US and German bonds have fallen from 1,568% to 1,537% supporting the euro. It is better to form new long positions on the euro at the breakthrough of the level of 1.1129 dollars.

     

    EURUSD, H4

    EURUSD


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