EXNESS - Analytics

    EXNESS

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    EURUSD: consolidation above the level of 1.1188

    Sell on a level breakthrough of 1.1188 with 1.1136 target. Stop loss = 1.1238. 

    Reason for the trading strategy

    The retail sales data in the US for May signaled a maintaining of relatively high purchasing power of US households, despite the deterioration of the employment situation in the country. In the near future the world's reserve currency will be in demand against the background of good economic statistics in the US and the rising investor's aversion of risk. 

     

    EURUSD, H1

     


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