EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation below the level of 1.1415

    Buy on a level breakthrough of 1.1415 with 1.1478 target. Stop loss = 1.1365. 

    Reason for the trading strategy

    In April, Germany's trade balance rose from 23.7 billion to 24 billion euro. Growth of this indicator, included in the structure of the country's GDP, will provide support for the euro. Yesterday the ECB began buying corporate bonds (investment grade) in the Eurozone. Today the head of the ECB is likely to talk about the first results of these operations.  

     

    EURUSD, H4


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