EXNESS - Analytics

    EXNESS

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    The US Federal Reserve is concerned about risks, the euro grows

    Buy on a level breakthrough of 1.1338 with 1.1496 target. Stop loss = 1.1280. 

    Reason for the trading strategy

    Yesterday J.Yellen said that the economic activity in the US will be in jeopardy if the instability in the stock markets continues and the dollar strengthens. It can be concluded from her comments that the US Federal Reserve will not abandon its planned interest rate rise in 2016, but because of the factors restraining the US economy, it will not change the key interest rate in March. In the near future, the EURUSD pair is supposed to test the 1.15 mark, with a subsequent downturn.       

    EURUSD, Daily


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