EXNESS - Analytics

EXNESS

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EURUSD: consolidation below the level of 1.0940

Buy on a level breakthrough of 1.0940 with 1.0991 target. Stop loss = 1.0890.

Reason for the trading strategy

Despite the improvement in the employment situation in the United States and the persistence of low inflationary pressures in the Eurozone, the EUR/USD pair is in demand (the euro acts as a funding currency) against the background of the ongoing sales of risky assets. During the first 10 days of January, the oil prices fell by more than 10%, the Nikkei 225 fell by 7%, and the S&P500 fell by 5.9%.

EURUSD, H4

EURUSD



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