EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation around the 1.1210 level

    Sell on a level breakthrough of 1.1210 with 1.1160 target. Stop loss = 1.1260.

    Reason for the trading strategy

    Last Friday it became known that Deutsche Bank would redeem its bonds totaling EUR 4.8 billion. This news has reduced the investors' concerns about the financial status of Germany's the largest bank. Investors are selling the euro, recently acting as a protective asset.

    EURUSD, H1


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