EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation in the range of 1.1230-1.1303

    Sell on a level breakthrough of 1.1230 with 1.1180 target. Stop loss = 1.1280. 

    Reason for the trading strategy

    Expectations of a 0.7% (m/m) growth of the volume of industrial production in the Eurozone in April do not provide any significant support for the single European currency. The growth of credit risks and low inflationary pressures in the European region are forcing the EURUSD pair to new lows.  

     

    EURUSD, H1

     


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