EXNESS - Analytics

    EXNESS

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    EURUSD: adjustment from the resistance level of 1.1373

    Buy on rebound from 1.1290 level with 1.1373 target. Stop loss = 1.1220. 

    Reason for the trading strategy

    The statistics on the US labor market for May was extremely weak and led to significant weakening of the world's reserve currency. The number of jobs outside the US agricultural sector increased by 38 thousand, with a forecast of 159 thousand. In addition, the employment growth for April has been revised downwards - from 160 thousand to 123 thousand jobs. After an adjustment, the dollar's decline could resume.

     

    EURUSD, H4

     


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