EXNESS - Analytics

    EXNESS

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    The euro is approaching the support level of 1.1334

    Buy on rebound from 1.1334 level with 1.1420 target. Stop loss = 1.1274.

    Reason for the trading strategy

    The euro had a nervous reaction to the news of the decline in the volume of industrial orders in Germany by 1.2% (m/m) in February. In the short term, it may test the support level of $1.1334. During the day, it is worth paying attention to the publication of the business activity index in the services sector and the volume of retail sales in the Eurozone. 

    EURUSD, H4


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