Sell on a level breakthrough of 1.1282 with 1.1230 target. Stop loss = 1.1330.
Reason for the trading strategy
Expectations of a decline of the ZEW economic sentiment index in the Eurozone in September put pressure on the euro. In the coming months, the problem with migrants in Europe will require spending to grow in the Eurozone. Globally, the uncertainty regarding the timing of the key interest rates raising in the US does not yet allow the EUR/USD pair to form a clear trend.
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Reason for the trading strategy
Expectations of a decline of the ZEW economic sentiment index in the Eurozone in September put pressure on the euro. In the coming months, the problem with migrants in Europe will require spending to grow in the Eurozone. Globally, the uncertainty regarding the timing of the key interest rates raising in the US does not yet allow the EUR/USD pair to form a clear trend.
For more analytics information, come join Exness.
EURUSD: adjustment from the level of 1.1282
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