EXNESS - Analytics


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EURUSD: under pressure after publication of the ISM index in the US

Sell on a level breakthrough of 1.0833 with 1.0710 target. Stop loss = 1.0890.

Reason for the trading strategy

The ISM business activity index in the US manufacturing sector rose form 48.2 p. to 49.5 p. in February. The news supported the dollar against the low-yielding euro.  Note that in February, a similar indicator for the Eurozone declined from 52.3 p. to 51.2 p. 




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