EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation in the range of 1.0841-1.0945

    Buy on a level breakthrough of 1.0945 with 1.1058 target. Stop loss = 1.0890.

    Reason for the trading strategy

    Recently, the euro has lost its independence and started focusing on China's macro-economic statistics, or rather on the changes in the CSI300 index and the USD/CNY pair. In the short term, we expect it to test the levels of 1.0945 and 1.1058. Meanwhile, if the US Federal Reserve raises the interest rate by another 25 bps in March-April 2016, the EUR/USD will test the 1.05 level.

    EURUSD, H4

    EURUSD


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