EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation in the range of 1.1058-1.1144

    Buy on rebound from 1.1058 level with 1.1144 target. Stop loss = 1.1008.

    Reason for the trading strategy

    The dollar plummeting down is associated with the publication of negative US macroeconomic data. It became known yesterday that the ISM business activity index in the US services sector decreased from 55.3 p. to 53.5 p. in January. The statistics on the US labor market for tomorrow will be crucial for the dollar short-term prospects.        

     

    EURUSD, H1


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