EXNESS - Analytics


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    EURJPY: consolidation above the level of 125.09

    Sell on a level breakthrough of 125.09 with 124.25 target. Stop loss = 125.59. 

    Reason for the trading strategy

    It became known last Friday that Germany's producer price index fell by 0.5% (m/m) in February, with a forecast of a 0.2% decline (m/m). The deflationary processes, taking place in the Eurozone's largest economy, are putting pressure on the euro cross rates. 

    EURJPY, H1

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