EURUSD: under pressure before the publication of the US PPI

March 13, 2015

Sell on a level breakthrough of 1.0557 with 1.0495 target. Stop loss = 1.0610.

Reason for the trading strategy
Today, the publication of the US PPI may put pressure on the euro. In February, the index is expected to rise by 0.2% (m/m). The increase in inflationary pressures can accelerate the process of tightening of monetary policy in the US. In the short term, the euro is likely to re-test the yearly low of 1.0495.


Publication source
EXNESS information  EXNESS reviews

September 30, 2016
Euro continues to trade sideways inside a 100pips range
Looking at the hourly chart, the pair still fighting to overtake 1.1235 barrier, which is considered as the near-term resistance for the single currency...
September 29, 2016
Will Brexit be more painful for Europe rather than for the UK?
The risk is increasing on the market ahead OPEC meeting in Algiers and Yellen testimonial, which will happen before the House panel. FED-fueled rally on gold starts to fizzle out as the December futures keep on a losing streak for a second day, finally dipping by 0.12% to 1,328.75...
September 28, 2016
US presidential debate moves unwind
The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...

OANDA Rating
Orbex Rating
FXCM Rating
Larson&Holz IT Ltd Rating
FXTM Rating
HotForex Rating

EZTrader Rating
TropicalTrade Rating
OptionBit Rating
Binary Brokerz Rating
Empire Option Rating
OptionTrade Rating