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.

Publication source
EXNESS information  EXNESS reviews

October 27, 2016
Brexit Barometer
The Brexit vote back in June taught markets never to take anything for granted and the same holds true for the upcoming US Presidential election. A poll lead for Trump in Florida yesterday, combined with some further revelations in the daily mud-slinging...
October 26, 2016
Sterling reversal
What we saw in sterling yesterday was instructive of the dilemma that may face other central bankers before long. Carney played down expectations of a further easing in policy before the end of the year, as was strongly suggested in August when they eased policy in the wake of the Brexit referendum...
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)...

OctaFX Rating
OANDA Rating
Vantage FX Rating
FxPro Rating
FXCM Rating
HotForex Rating

Porter Finance Rating
TopOption Rating
OptionFair Rating
OptionRally Rating
24option Rating
Empire Option Rating