EURUSD: growth after the publication of the volume of retail sales in Germany

March 3, 2015

Buy on a level breakthrough of 1.1239 with 1.1295 target. Stop loss = 1.1190.

Reason for the trading strategy
Yesterday's publication of statistics on inflation and unemployment in the euro zone allowed the euro to briefly get closer to the resistance level of 1.1239. The February rise in oil prices contributed to the acceleration of annual inflation in the euro zone from -0.6% to -0.3%. The January decline in the unemployment rate from 11.3% to 11.2% will support the future GDP growth rate in the euro zone. Today's statistics on retail sales in Germany has promoted the growth in demand for the euro once again.


Publication source
EXNESS information  EXNESS reviews

October 27, 2016
Sterling falls notwithstanding UK GDP
On Thursday, the British pound sagged against the greenback, notwithstanding data on third quarter growth showing that Britain’s economy shrugged off the immediate shock of the Brexit referendum...
October 27, 2016
Dollar falters but strength remains ahead of jam-packed week
The US dollar has taken a bit of a breather this week as it consolidates its recent gains ahead of major economic data and events in coming days. For around a month, the greenback has been on an exceptionally sharp incline as expectations for a Federal Reserve rate hike this year have progressively increased...
October 27, 2016
Oil slides on OPEC uncertainty
WTI Crude received a pummelling on Tuesday with prices sinking below $49.50 after reports displayed an inflated rise in U.S inventories which revived concerns over the excessive oversupply in the markets...

HYCM Rating
FBS Rating
Larson&Holz IT Ltd Rating
XM Rating
FIBO Group Rating
Vantage FX Rating

OptionBit Rating
OptionsXO Rating
TropicalTrade Rating
Anyoption Rating
Porter Finance Rating
Empire Option Rating