In the short term, the euro may test the 1.1358 level
25 February, 2015
EURUSD
Buy on a level breakthrough of 1.1358 with 1.1448 target. Stop loss = 1.1300.
Reason for the trading strategy
Yesterday, the euro zone finance ministers approved the 4 month extension of aid to Greece, as they were satisfied with the list of reforms to be undertaken in this country. In particular, an increase in the income tax rate in Greece, consolidation and optimization of pension policy and other reforms are expected. After this information was released, the yield on 10-year Greek bonds declined from about 9.5% to 8.8%.
EURUSD, H4
Source link
Related materials
Before the publication of the October statistics on retail sales in the US gold prices remain close to their annual low. The release of the data will signal a strong increase in consumer spending of the US households, which form the bulk of the US GDP...
The September statistics on the US signify a likely slowdown in the US GDP growth in Q3 2015 and requires the US regulator to conduct a soft monetary policy. At the level breakthrough of $1172, opening long positions in gold can be considered...
Investors buy the euro as a funding currency, withdrawing money from the shares. The growth of the euro is also associated with the low probability of an increase in the key interest rate in the United States in September. On a resistance level breakthrough of 1.1496...
In July, the HSBC business activity index in China's manufacturing sector declined from 49.4 p. to 48.2 p. The weakening of the Chinese economy will lead to a reduction in the country's imports consumption and put pressure on the commodity currencies...
Buy on a level breakthrough of 1.5532 with 1.5630 target. Stop loss = 1.5480...
Sell on a level breakthrough of 1.5091 with 1.4982 target. Stop loss = 1.5150. Reason for the trading strategy This afternoon, the business activity...
Sell on a level breakthrough of 1.2083 with 1.2000 target. Stop loss = 1.2140. Reason for the trading strategy The weakness of the US dollar against...
Buy on a level breakthrough of 1.5080 with 1.5160 target. Stop loss = 1.5020. Reason for the trading strategy Today, the data on retail sales in the UK...
Buy on a level breakthrough of 1.4980 with 1.5050 target. Stop loss = 1.4930....
Forex Currencies Forecasts
Top Brokers offering Forecasts
Top 10 Forex Brokers 2019
| 1 |  | 89% |
| 2 |  | 88% |
| 3 |  | 86% |
| 4 |  | 84% |
| 5 |  | 82% |
| 6 |  | 81% |
| 7 |  | 78% |
| 8 |  | 77% |
| 9 |  | 72% |
| 10 |  | 70% |