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    Players’ activity remains low on the threshold of the ECB session


    Once again, the common currency failed to stay above 1.1000, trade currencies came under pressure of rollback of energy prices the day before, dynamics in general stay mixed. EURUSD pair’s behavior is the most interesting. Yesterday the pair renewed local maximum of the week, still, rollback from it looks quite restrained. It seems that investors don’t expect the ECB to take decisive actions for new stimulation measures. It leaves chances for another attempt to fix above 1.1000. 
    Today news background is practically empty in terms of global processes. Speaking of local data, we’d like to note the report on British industrial production. Since the period of improvement of economic statistics has emerged in the U.S.A., positive data have become more frequent in other regions. Probably, today’s British report will be better than predicted. Passions over the exit from the EU have slightly cooled. Until the decision of main regulators pound has chances to return above 1.4200 after publication of the report. 
    In the evening sessions of two regulators of the top ten – the Bank of Canada and the Reserve Bank of New Zealand. In both cases changes aren’t expected, accordingly currencies’ reaction will depend on accompanying comments. From our point of view, corresponding currencies are able to continue growth after such decision, but here everything depends mainly on dynamics of energy prices. 
     
    Trade tactics:
    Now we see only opportunities for new attempts of opening long positions in euro. Herewith risks are high. To aggressive traders we recommend considering EURUSD purchase at levels 1.0950 – 1.0970, stop at 1.0880, aim at 1.1060. In case of a pair growth of more than 30 points from the entry point, rearrange stop at the entry point. 
     
    Any opinions, advice, news, research, analyses, prices or any other information presented on this webpage is provided as general market commentary and does not constitute investment advice. "Vector Securities" shall not be liable for any loss, including loss of profit, which may arise directly or indirectly from the use of this information. 

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