EXNESS - Analytics

    EXNESS

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    EURUSD: under pressure before publication of the US GDP for Q4 2015

    Sell on a level breakthrough of 1.1143 with 1.1057 target. Stop loss = 1.1200. 

    Reason for the trading strategy

    The final estimate for the US GDP for Q4 2015 will be published today. If the index exceeds 1% (q/q) in the reporting period, the demand for the US dollar will strengthen.  This may cause the euro to decline to the level of 1.1057 dollars.

     

    EURUSD, Daily

     


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