Buy on a level breakthrough of 1.1363 with 1.1496 target. Stop loss = 1.1310.
Reason for the trading strategy
The euro rebounded from the support level 1.1269 after the rumors that the three creditors will not demand debt repayments from Greece within the next 6 months. Greece will probably have to repay its debts with interest in six months' time. In the short term, the euro could break the upper limit of the 1,1269-1,1363 range .
September 28, 2016 Asian shares traded in green as Europe slowly plunges
US Dollar can't get out of the range of 95.00-95.50 after the FED has investors waiting for the results of Algiers meeting, where Oil officials will try to work out measures to level energy market volatility...
September 28, 2016 Sagging Fed expectations
As discussed yesterday, markets will increasingly obsess about the US election over the coming few weeks, but beneath that the economy will determine if the Fed hikes interest rates before the year is out...
September 28, 2016 Market volatility on a comeback
Financial markets may experience extreme levels of volatility in the coming weeks as the catalytic combination of sporadic oil prices, ongoing Brexit anxieties and anticipation ahead of the U.S presidential election leave investors on edge...
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