EXNESS - Analytics

    EXNESS

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    The EURUSD grows after J.Yellen's statement

    Buy on a level breakthrough of 1.1391 with 1.1448 target. Stop loss = 1.1341. 

    Reason for the trading strategy

    Yesterday J.Yellen said that the latest US labor market report, which showed a minimal increase in jobs in 6 years, "disappointed" the US Federal Reserve and "aroused concern". She noted that "in April and May, the pace of job growth slowed down significantly compared with the beginning of the year. Although unemployment has fallen, the decline did not occur because more people found jobs, but because fewer people continued to look for it. " A hint made by the US Federal Reserve to delay the base interest rate raising  in the US is likely to lead to the dollar weakening. 

     

    EURUSD, H4

     


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