EURUSD
Dec. 23, 2015, 10:55
Buy on a level breakthrough of 1.0984 with 1.1059 target. Stop loss = 1.0934.
Reason for the trading strategy
Despite the independence of the US Federal Reserve, the interest rate policy tightening cycle may not be as aggressive due to the US presidential elections. That is, in 2016, the US Federal Reserve is likely to raise the federal funds rate by only 50-75 bps rather than by 100 bps.
EURUSD, Daily
Dec. 23, 2015, 10:55
Buy on a level breakthrough of 1.0984 with 1.1059 target. Stop loss = 1.0934.
Reason for the trading strategy
Despite the independence of the US Federal Reserve, the interest rate policy tightening cycle may not be as aggressive due to the US presidential elections. That is, in 2016, the US Federal Reserve is likely to raise the federal funds rate by only 50-75 bps rather than by 100 bps.
EURUSD, Daily
The US Presidential campaign may support the euro
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