EXNESS - Analytics

    EXNESS

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    EURUSD: growth against the background of falling retail sales in the US

    Buy on a level breakthrough of 1.1500 with 1.1560 target. Stop loss = 1.1450.

    Reason for the trading strategy

    The weakness of the US dollar in the international currency market provides substantial support for the EUR/USD pair. The statistics on retail sales in the US published in September was worse than expected and signaled an insufficiently strong growth in consumer spending of US households. In September, the US retail sales increased by 0.1% (m/m), with a forecast of 0.2% (m/m). At the same time, the August data was revised downward from 0.2% (m/m) to 0.0% (m/m).

    EURUSD,Daily

    EURUSD


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