EXNESS - Analytics

    EXNESS

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    EURUSD: growth against the background of surging inflation in the Eurozone

    Buy on a level breakthrough of 1.0851 with 1.0920 target. Stop loss = 1.0800.

    Reason for the trading strategy

    Today, it is worth paying attention to Mario Draghi's statement, who probably pays special attention to the latest inflation data in the Eurozone, which rose from 0.2% to 0.4% (per annum) in January. If in February, it will continue to grow due to the increase in the energy prices, the ECB will be likely to refrain from further monetary policy easing in March.        

     

    EURUSD, H1


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