EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation before the US Federal Reserve meeting

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

    Reason for the trading strategy

    The Gfk Consumer confidence index for Germany calculated for August totaled 10.1 p., as expected. The news is neutral for the euro. Today, the US Federal Reserve meeting may support the EUR/USD pair. If the US regulator focuses on low inflation pressure in the country due to the fall in oil prices, the US dollar will be under pressure.

     

    EURUSD, H4

    EURUSD


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