EXNESS - Analytics


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    EURUSD: consolidation before publication of the Eurozone Producer price index

    Sell on a level breakthrough of 1.0874 with 1.0809 target. Stop loss = 1.0924.

    Reason for the trading strategy

    Today, attention should be paid to the publication of the Producer Price Index in the Eurozone.  In December, the index is expected to decline by 0.4% (m/m). As the EURUSD pair exits beyond the range of 1.0874-1.0918, opening relevant positions should be considered.        

    EURUSD, H1

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