EURUSD: consolidation before the publication of data on American consumers' personal income and spending

March 30, 2015

Sell on a level breakthrough of 1.0853 with 1.0800 target. Stop loss = 1.0900.

Reason for the trading strategy
The US GDP in Q2 of 2014 increased by 2.2% (q/q), with a forecast of 2.4% (q/q). The data is moderately negative for the US dollar. Today, the global reserve currency may be supported by the statistics on American consumers' personal income and spending.

EURUSD, H1

Publication source
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