EXNESS - Analytics


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    The euro is testing the support level of $1.1180

    Sell on a level breakthrough of 1.1180 with 1.1057 target. Stop loss = 1.1240. 

    Reason for the trading strategy

    Investors have been ignoring the macroeconomic statistics since yesterday and are focusing their attention on the security issues in the EU. According to the US State Department, "terrorist groups continue to plan attacks throughout Europe in the short term, they are targeting sports events, tourist sites, restaurants and transport." The services sector, which creates a significant portion of the GDP in the Eurozone, could suffer seriously in Q1-2 of 2016.

    EURUSD, H1

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