EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation above the level of 1.289

    Sell on a level breakthrough of 1.1289 with 1.1219 target. Stop loss = 1.1340. 

    Reason for the trading strategy

    Yesterday the head of the ECB announced about the need for structural reforms in the Eurozone. Market participants attribute the current decline in the euro to the increasing concerns about the UK's possible exit from the EU, which provokes a rise in demand for safety currencies - the dollar, the yen, and the franc. Today it is worth paying attention to the publication of various economic statistics for Germany, France and Italy.


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