EXNESS - Analytics

    EXNESS

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    EURJPY: consolidation before the publication of the macroeconomic statistics for Germany and the euro zone

    Sell on a level breakthrough of 124.80 with 124.01 target. Stop loss = 125.30.

    Reason for the trading strategy

    Expectations of a decline in the volume of industrial orders in Germany disturb the euro cross rates.  Meanwhile, the Sentix investor confidence index in the euro zone, calculated for March, can demonstrate a growth from 6.0 p. to 8.8 p. The EURJPY pair entering beyond the of range 124.80-125.56 will serve as a signal for opening of the relevant positions.

    EURJPY, H1


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