EXNESS - Analytics

    EXNESS

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    EURUSD: under pressure against the background of inflation decline in Germany

    Sell on a level breakthrough of 1.1345 with 1.1217 target. Stop loss = 1.1400.

    Reason for the trading strategy

    Germany' GDP increased by 0.7% (q/q) in Q1 2016, with a forecast of 0.6% (q/q). The euro did not react to these statistics, but fell when the news of a 0.4% (m/m) decline in Germany's consumer price index in April became known. Today, it is worth paying attention to the publication of the Eurozone's GDP.

     

    EURUSD, H4

     


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