EXNESS - Analytics


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    The euro could test the level of 1.1023 today

    Sell on a level breakthrough of 1.1023 with 1.0911 target. Stop loss = 1.1073.

    Reason for the trading strategy

    In May, Germany's trade balance fell from 24.1 billion to 22.2 billion euros, while the volume of industrial production in France declined by 0.5% (m/m). The deterioration of the macroeconomic situation in the Eurozone's two largest economies puts pressure on the euro. Today, the euro may fall below the level of $1.1023 if the June statistics on the US labor market turns out at the expected level (i.e, if the US economy creates about 180 thousand new jobs).


    EURUSD, H4


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