EURUSD: growth after the publication of the Gfk consumer confidence index in Germany

May 27, 2015

Buy on a level breakthrough of 1.0938 with 1.1004 target. Stop loss = 1.0880.

Reason for the trading strategy

Germany's Gfk consumer confidence index, calculated for June, rose from 10.1 p. to 10.2 p. and exceeded the forecast of 10.0 p. The data reflect an increase in consumer spending in the eurozone's largest economy, which supports the euro.

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