EXNESS - Analytics


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EURUSD: consolidation before the publication of the volume of industrial production in France and Italy

Sell on a level breakthrough of 1.0705 with 1.0650 target. Stop loss = 1.0755.

Reason for the trading strategy

If the September data on industrial production in France and Italy is worse than expected, the EUR/USD pair will try to update its low of 1.0705. In particular, growth of the yield spread between the 10-year US and French bonds by 24 bps over the last month puts pressure on the pair.



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