EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation higher than the 1.1 level

    Sell on a level breakthrough of 1.1000 with 1.0935 target. Stop loss = 1.1050.

    Reason for the trading strategy

    The business activity index in the euro zone's manufacturing sector declined form 52.3 p. to 5.1 p. in February, and in the services sector it declined from 53.6 p to 53 p. The statistics is negative for the euro. In order to support the European economy in March, the ECB is likely to expand the asset purchases program.

     

    EURUSD, H4

     


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