EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation below the level of 1.1374

    Buy on a level breakthrough of 1.1374 with 1.1494 target. Stop loss = 1.1324.

    Reason for the trading strategy

    The US Federal Reserve's downward revision of the forecasts for inflation rates, GDP, and the US interest rates puts pressure on the US dollar. In the medium term, the euro may test the level of 1.1494 dollars.

    EURUSD, Daily


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