EXNESS - Analytics

    EXNESS

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    Real

    EURUSD: under pressure before the publication of the Consumer Price Index in the euro zone.

    Sell on a level breakthrough of 1.0781 with 1.0700 target. Stop loss = 1.0831.

    Reason for the trading strategy

    The 0.1% (m/m) decline in Germany's inflation in December indicates the development of deflationary processes in the euro zone's largest economy. The decline in oil prices to 11-year lows plays an important role in this. Today, attention should be paid to the publication of the Consumer Price Index in the euro zone.

     

    EURUSD, H1

     


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