EXNESS - Analytics


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EURUSD: consolidation in the range of 1.0675-1.0774

Buy on a level breakthrough of 1.0774 with 1.0833 target. Stop loss = 1.0724.

Reason for the trading strategy

According to the final estimates, in October, inflation in Germany and France grew by 0% (m/m) and by 0.1% (m/m) respectively. In annual terms, the growth rate was 0.3% and 0.1% respectively. Inflationary pressures in the Eurozone's major economies is higher than the Eurozone's average. We would remind you that the preliminary consumer prices index in the Eurozone amounted to 0% (y/y) in October. The statistics still allow the ECB to delay the expansion of the quantitative easing program.



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