The euro breaks the resistance of 1,1331

June 10, 2015

Buy on a level breakthrough of 1.1331 with 1.1466 target. Stop loss = 1.1280.

Reason for the trading strategy

In April, the volume of industrial production in France fell by 0.9% (m/m). The data reflects a decline in the real sector of the eurozone's second economy. The euro ignores the statistics, winning back the weakness of the US dollar in the international currency market. The American leadership, including the US Federal Reserve, is unhappy about the sharp increase in the US dollar. Meanwhile, the publication of the US retail sales data for May could increase the likelihood of growth of the key interest rate in the United States in the second half of 2015.

Publication source
EXNESS information  EXNESS reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

Larson&Holz IT Ltd Rating
Grand Capital Rating
Fort Financial Services Rating
FxPro Rating
Z.com Trade Rating
XTB Rating

OptionTrade Rating
24option Rating
Porter Finance Rating
Banc De Binary Rating
TopOption Rating
OptionBit Rating