EXNESS - Analytics


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EURUSD: under pressure before the ECB meeting

Sell on a level breakthrough of 1.0557 with 1.0500 target. Stop loss = 1.0607.

Reason for the trading strategy

After the publication of the inflation data in the Eurozone for November (the figure amounted to 0.1%, with the forecast of 0.2%) the likelihood of an expansion of the ECB's asset purchases program increased and that of the deposit rates in the European region decreased. In the short term, the euro may fall below the level of $1.05.



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