Buy on a level breakthrough of 1.0938 with 1.1004 target. Stop loss = 1.0880.
Reason for the trading strategy
The EUR/USD currency pair is rising, winning back A. Tsipras' statement about reaching an early agreement between Greece and its creditors. Tonight, it is worth paying attention to the weekly statistics on the US labor market. A reduction in the number of initial jobless claims in the country will limit of the EUR/USD pair growth.
January 19, 2017 U.S. reports revealed a hefty 0.8% December industrial production
Asian stock markets traded mixed, with Japan and ASX moving higher, as Fed’s Yellen said she expects to hike rates few times a year through 2019 to 3% neutral rate...
January 19, 2017 Yellen repeats Fed is close to meeting targets, USD up
The speech by the US central bank governor Janet Yellen did not offer any new insights on the attitude of FOMC, nor did it cause large shifts in the pricing of future rate hikes (even if now 3 rate hikes in 2017 look again more probable than only one, with 2 remaining the most expected outcome)...
January 19, 2017 Trump vs Yellen & Draghi vs Weidmann
The U.S. dollar has been on a roller-coaster this week. After dropping by more than 1% on Tuesday the dollar index recovered 0.9% from its lows...
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