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.


Publication source
EXNESS information  EXNESS reviews

October 24, 2016
Important economic events for the coming week
Monday, October 24, 2016 - JPY Small Business Confidence (OCT), EUR Markit/BME Germany Manufacturing PMI (OCT P), USD Markit US Manufacturing PMI (OCT P)...
October 21, 2016
US Presidential Election: Final Debate Aftermath
With the dust having settled after Wednesday final US presidential debate of the 2016 campaign between Donald Trump and Hillary Clinton, the results have become rather apparent...
October 20, 2016
Doting on Draghi
The ECB meeting arrives today when EURUSD is testing key levels. The mid-year lows at 1.0952 is perilously close as I write, whilst the post-Brexit referendum low of 1.0913 being in the frame after that. It’s hard to see the ECB adding to its quantitative easing policy...

HotForex Rating
OctaFX Rating
FXCM Rating
Fort Financial Services Rating
Grand Capital Rating
Larson&Holz IT Ltd Rating

TopOption Rating
OptionBit Rating
24option Rating
OptionsXO Rating
Grand Option Rating
Binary Brokerz Rating