EXNESS - Analytics

    EXNESS

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    EURUSD: growth after the publication of the US Federal Reserve minutes

    Buy on a level breakthrough of 1.1310 with 1.1360 target. Stop loss = 1.1260.

    Reason for the trading strategy

    The US Federal Reserve minutes for September turned out to be soft and caused sales of the US dollar. Most members of the US Federal Reserve expect that the conditions for the rate increase will be achieved by the end of the year. However, against the background of continuing uncertainty in the global economy (especially on behalf of China), a low inflation rate in the US and a strong US dollar, the regulator decided to wait with the cycle of increasing interest rates.

    EURUSD, H4

    EURUSD560


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