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    EXNESS

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    EURUSD: consolidation before Janet Yellen's speech

    Sell on a level breakthrough of 1.1244 with 1.1161 target. Stop loss = 1.1300. 

    Reason for the trading strategy

    Tonight, Janet Yellen's expectedly soft rhetoric will put pressure on the euro, as a funding currency. Low inflation and a slow growth in the number of jobs outside the US agricultural sector in January will restrain the aggressive intentions of the Federal Reserve, which previously expected 4 increases, by 25 bps each, in the US key interest rate in 2016.       

    EURUSD, H1


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