EXNESS - Analytics

    EXNESS

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    EURUSD: under pressure after M.Draghi's speech

    Sell on a level breakthrough of 1.1236 with 1.1130 target. Stop loss = 1.1286. 

    Reason for the trading strategy

    In June, the business sentiment index in the Eurozone rose from 16.8 p. to 20.2 p. Despite the positive macroeconomic statistics, the euro came under pressure against the background of M.Draghi's soft rhetoric. Yesterday the head of the ECB said that the adoption of new stimulus measures in the Eurozone was not excluded. Meanwhile, he believes that the Eurozone governments should implement economic reforms and expand public investment.

     

    EURUSD, H4

     


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