EXNESS - Analytics

    EXNESS

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    Real

    The euro is losing ground against the background of a reduction in Germany's PPI

    Sell on a level breakthrough of 1.1070 with 1.0990 target. Stop loss = 1.1120. 

    Reason for the trading strategy

    In January, Germany's producer price index decreased by 0.7% (m/m), with a forecast of 0.3% (m/m) decline. In the conditions of reducing prices of goods, German consumers will postpone their purchases to a later time. These news is negative for the euro. 

    EURUSD, H4


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