Sell on a level breakthrough of 1.1313 with 1.1213 target. Stop loss = 1.1363.
Reason for the trading strategy
Yesterday, the ECB announced the launch from March 2015 to September 2016 of the quantitative easing program in the euro zone, totaling 1.14 trillion the euro, which is 2 times higher than market expectations. As a result of a substantial softening of monetary policy in the euro zone, the euro collapsed.
October 24, 2016 A volatile week ahead
Global stocks were resilient last week Friday with major arenas clawing back gains following the upbeat corporate earnings and stabilising oil prices which revived risk appetite...
October 24, 2016 Gold prices edged lower
Gold prices traded mixed on Friday. The yellow metal traded lower the half of the day and higher the other half. Sellers moved the price to the level 1260 dollar per ounce which appeared a solid barrier for it. The pair bounced from the level and reversed some of its losses...
October 24, 2016 Earnings and Macro data to drive financial markets the week ahead
A pretty robust U.S. corporate announcements last week indicated that thereâ€™s a high chance for corporate America to get out of a profit recession which lasted for five consecutive quarters...
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