EXNESS - Analytics

    EXNESS

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    EURUSD: under pressure against the background of a strengthening dollar

    Sell on a level breakthrough of 1.1369 with 1.1300 target. Stop loss = 1.1420.

    Reason for the trading strategy

    A sharp strengthening of the dollar against the yen puts pressure on the EURUSD pair.  From the technical point of view, the breakthrough of the 1.1369 level might cause the pair to decline to the 1.13 mark. As for the European statistics, today it is worth paying attention to the publication of data on industrial production in Germany, France, and Italy.

     

    EURUSD, H4

     


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