EXNESS - Analytics

EXNESS

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Real

The euro is eyeing the level of 1.1

Sell on a level breakthrough of 1.1071 with 1.1000 target. Stop loss = 1.1121. 

Reason for the trading strategy

Despite the increase in inflationary pressures in the Eurozone (from -0.1% to 0.1% in June), the European Central Bank is likely to expand the quantitative easing program (by redemption of corporate bonds, etc.) to support the Eurozone economy in 2016, which will lead to a decline in the euro.

 

EURUSD, H1

 



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