EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation higher than the level of 1.0675

    Sell on a level breakthrough of 1.0675 with 1.0600 target. Stop loss = 1.0725.

    Reason for the trading strategy

    GDP in the Eurozone increased by 0.3% (q/q) in Q3 2015, with a forecast of a 0.4% (q/q) growth. The statistics limit the adjusting rise in the euro against the US dollar, which regains an insufficiently strong growth of retail sales ( 0.1% (m/m)) and a 0.4% (m/m) decrease in the US producer price index in October.

    EURUSD, H4

    EURUSD


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