EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    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

     


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree