EURUSD: under pressure after M.Draghi's statement

February 16, 2016

Sell on a level breakthrough of 1.1127 with 1.1060 target. Stop loss = 1.1177.

Reason for the trading strategy

M.Draghi's statement, made yesterday, about a likely revision of the parameters of the asset purchases program in the euro zone in March puts pressure on the euro. According M.Draghi, the ECB has no plans of buying bonds of the troubled Italian banks under the quantitative easing program, but will accept them as security under repurchase agreements. The pumping of the euro zone banking sector with liquidity may lead to a drop in the euro to $1.05 in the current year.

Publication source
EXNESS information  EXNESS reviews

October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...
October 26, 2016
AUD gains on better than expected CPI numbers
The Australian Bureau of Statistics released the consumer price index data for the third quarter. Official records showed that CPI advanced 1.3% on the year in the third quarter of 2016...
October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...

Grand Capital Rating Rating
XM Rating
FXCM Rating
Vantage FX Rating
Tickmill Rating

EZTrader Rating
Empire Option Rating
TopOption Rating
Porter Finance Rating
365BinaryOption Rating
OptionsXO Rating