EURUSD: consolidation below the 1.0938 level

May 28, 2015

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.

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