The euro is approaching the support level of $1.095

July 24, 2015

Sell on a level breakthrough of 1.0950 with 1.0870 target. Stop loss = 1.1000.

Reason for the trading strategy

The US macro statistics signaled a growth of business activity in the US over the past two days. Home sales in the secondary US market grew, while the number of jobless claims fell by 26 thousand and totaled 255 thousand last week, which is the lowest figure since November 1973.

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