EXNESS - Analytics

    EXNESS

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    EURUSD: growth against the background of a curtailing of the carry trade transactions

    Buy on a level breakthrough of 1.0837 with 1.0945 target. Stop loss = 1.0787.

    Reason for the trading strategy

    Today there was another collapse of the Asian stock indexes. The Nikkei 225 fell by 2,33%, and the CSI300 fell by 7,21%. A contraction of the world's largest economy in terms of the purchasing power parity provoked sales of risky assets. In the conditions of curtailing of the carry trade transactions, investors buy the euro, the yen, and the US government bonds.

     

    EURUSD, H1


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