EXNESS - Analytics

    EXNESS

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    Real

    The euro is approaching the support level of 1.122

    Sell on a level breakthrough of 1.1220 with 1.1130 target. Stop loss = 1.1270. 

    Reason for the trading strategy

    Market participants are ignoring the fact that the US Federal Reserve has recently preserved the base interest rate in the range of 0.25-0.5%, and focus their attention on the upcoming referendum in the UK.  Implementation of Brexit can cause the euro to decline below the level of $1.05, and the pound to decline below the level of $1.35.

     

    EURUSD, H1

     


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