The euro may gain a foothold above the level of $1.15 in the short term

August 24, 2015

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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