Daily Review on EURUSD for 18.05.2015

May 18, 2015

Buy on a level breakthrough of 1.1466 with 1.1530 target. Stop loss = 1.1406.

Reason for the trading strategy

In April, the volume of industrial production in the US declined by 0.3% (m/m), while the US consumer confidence index declined from 95.9 p. to 88.6 to p in May. The data reflect a contraction of the real sector of the US economy and reduced consumer activity among American households. Against this background, the US Federal Reserve is unlikely to make a decision to quickly increase the country's key interest rate. The single European currency, taking advantage of the weakness of the US dollar, may soon test the 1,153 level.

Publication source
EXNESS information  EXNESS reviews

January 18, 2017
Trump kicks the Dollar down
Trump hinted in his interview to the Financial Times that the US Dollar went for a far too extensive rally and the enthusiasm surrounding the bulls needs to be cooled...
January 18, 2017
Fed speakers, BoC and UK employment
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January 18, 2017
Aussie dollar cracks major levels
The Australian dollar swung heavily today as US bulls finally looked to sell off in the wake of economic uncertainty around the United Kingdom...

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