Buy on a level breakthrough of 1.1496 with 1.1650 target. Stop loss = 1.1440.
Reason for the trading strategy
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, opening long positions in the EUR/USD pair is worth considering.
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The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
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The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...
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The Bank of Japan delivered a whole heap of nothing at its policy meeting today, although some adjustments were made to its policy framework. If you take the time to read through these measures, then the impression is of a central bank that has largely lost the monetary plot...
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