EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation above the level of 1.0940

    Sell on a level breakthrough of 1.0940 with 1.0825 target. Stop loss = 1.0990.

    Reason for the trading strategy

    In January, the surplus of Germany's balance of payments totaled 13.2 trillion yen, with a forecast of 17.0 trillion yen.  In the reporting period, Germany's exports decreased by 0.5% (m/m), while its imports grew by 1.2% (m/m).  The statistics on Germany's foreign trade turned out to be worse than expected, and this puts additional pressure on the euro before the ECB meeting.  

    EURUSD, H4


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