EXNESS - Analytics

    EXNESS

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    EURUSD: under pressure before publication of macroeconomic statistics for the US

    Sell on a level breakthrough of 1.0990 with 1.0935 target. Stop loss = 1.1040.

    Reason for the trading strategy

    Today, it is worth paying attention to the publication of the business activity index in the services sector and the statistics on new home sales in the US. Growth of the indexes will support the world's reserve currency. As part of the next downtrend, opening short positions in the EURUSD pair can be considered below the 1.0990 level.

     

    EURUSD, H4


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