Sell on a level breakthrough of 1.1259 with 1.1182 target. Stop loss = 1.1310.
Reason for the trading strategy
The August data on retail sales and industrial production in the US play against the tightening of monetary policy in the world's largest economy. The US dollar is losing ground against the oversold commodity currencies and strengthening against the euro, which is used as a funding currency.
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Reason for the trading strategy
The August data on retail sales and industrial production in the US play against the tightening of monetary policy in the world's largest economy. The US dollar is losing ground against the oversold commodity currencies and strengthening against the euro, which is used as a funding currency.
For more analytics come join Exness
The euro is approaching the level of 1.1259
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