EXNESS - Analytics


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The euro rebounded from its annual lows

Buy on a level breakthrough of 1.0980 with 1.1080 target. Stop loss = 1.0930.

Reason for the trading strategy

The ECB's actions directed to expand the monetary stimulus measures of the European economy were not as aggressive and caused the euro growth. In the Eurozone, the deposit rate has been reduced by 10 bps only and not by 15-20 bps; while the monthly volume of asset purchases in the Eurozone remained unchanged at 60 billion euros and was not increased to 80 billion euros; although the quantitative easing program deadlines have been extended until March 2017.



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