EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation after the publication of the unemployment rate in Germany

    Sell on a level breakthrough of 135.90 with 134.90 target. Stop loss = 136.40.

    Reason for the trading strategy

    In July, the unemployment rate in Germany was 6.4%, as expected. However, in July, the number of unemployed in Germany increased by 9 thousand, and the June value was revised upwards from -1 thousand to 1 thousand. The data are moderately negative for the euro cross rates.

     

    EURJPY, H4

    EURJPY


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