EXNESS - Analytics

    EXNESS

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    EURUSD: adjustment from the resistance level of 1.135

    Sell on a level breakthrough of 1.1290 with 1.1236 target. Stop loss = 1.1340. 

    Reason for the trading strategy

    Yesterday, the IMF lowered its forecast for the US GDP growth rate for 2016 from 2.4% to 2.2% per annum and stated that the US dollar was overvalued by about 10-20%. The news put pressure on the world's reserve currency. Today, it is worth paying attention to the publication of the statistics on new home sales in the US and the business activity index in the Eurozone and the United States. The current growth of the euro is unstable. Opening short positions for the EURUSD pair is worth considering at a breakthrough of the 1.129 level.

     

    EURUSD, H1

     


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