EURUSD: consolidation around the 1.0973 level

July 14, 2015

Sell on a level breakthrough of 1.0973 with 1.0915 target. Stop loss = 1.1030.

Reason for the trading strategy

Reaching an agreement between Greece and its creditors yesterday helped to reduce the yield on 2-year Greek bonds from 33.9% to 25.2% and helped the growth of the European stock markets. However, the euro is declining. As long as the Greek parliament does not approve the new austerity measures, the euro will be under pressure.

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October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

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