EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation around the level of 1.063

    Sell on a level breakthrough of 1.0630 with 1.0550 target. Stop loss = 1.0680.

    Reason for the trading strategy

    The acceleration of annual inflation in the US from 0 to 0.2% in October indicates the beginning of its growth process to the level of 2% per annum and an impending launch of the US interest rate tightening cycle. The decrease of the ZEW economic sentiment index in the Eurozone in November puts additional pressure on the EUR/USD pair.

    EURUSD, H4

    EURUSD


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