EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation in the range of 1.1143-1.1219

    Buy on a level breakthrough of 1.1219 with 1.1343 target. Stop loss = 1.1150.

    Reason for the trading strategy

    The base personal consumption expenditures index (the PCE) increased by 0.1% (m/m) and 1.7% (y/y) in the United States in February, with the forecast of 0.2% (m/m) and 1.8 % (y/y) growth. The inflationary pressure in the United States is less than 2% (y/y). This factor can not allow the US Federal Reserve to increase the federal funds rate in April.

     

    EURUSD, H1

     


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