EXNESS - Analytics


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    The euro as the funding currency, is in demand

    Buy on a level breakthrough of 1.0675 with 1.0735 target. Stop loss = 1.0625.

    Reason for the trading strategy

    The of the euro and the yen acting as funding currencies grow against the background of strained relations between Russia and NATO. Yesterday it became known that Turkey, which is part of NATO, shot down the Russian Su-24 on the border of Turkey and Syria. It is quite possible that in the near future the market participants' negative sentiment will be reversed and the fall of the EUR/USD will resume. Russia and France, which is a NATO member, are currently strengthening their cooperation to combat terrorism. On November 26, Moscow will host a meeting of these countries leaders.

    EURUSD, H4


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