EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation higher than the 1.0971 level

    Sell on a level breakthrough of 1.0971 with 1.0902 target. Stop loss = 1.1021.

    Reason for the trading strategy

    If this week, the ECB does not get disappointed by the scale of the monetary policy easing in the euro zone, the decline in EURUSD pair will resume. From a technical point of view, the breakthrough of the level of 1.0971 dollars will serve as a signal for opening short positions on the euro.

    EURUSD, H4


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