EXNESS - Analytics

EXNESS

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EURUSD: consolidation below the level of 1.1168

Buy on a level breakthrough of 1.1168 with 1.1236 target. Stop loss = 1.1118. 

Reason for the trading strategy

Last Friday, Mr. Weidmann said that there is no need to change the range of measures proposed by the ECB as a response to Brexit. Perhaps in the coming months, the ECB will adopt a waiting position against the background of the June improvement of macroeconomic statistics in the Eurozone. Last month an increase in consumer price inflation from -0.1% to 0.1% and an increase in the manufacturing PMI from 52.6 p. to 52.8 p. were recorded in the region.

 

EURUSD, H4

 



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