Sell on a level breakthrough of 1.0859 with 1.0805 target. Stop loss = 1.0909.
Reason for the trading strategy
As the energy prices decrease, the expectations of deceleration in annual inflation in the Eurozone intensify. At the moment it is 0.2%, which is 10 times lower than the value targeted by the ECB. In Q1 2016 we allow for a reduction in the Eurozone's key deposit rate by 10-15 bps.
Reason for the trading strategy
As the energy prices decrease, the expectations of deceleration in annual inflation in the Eurozone intensify. At the moment it is 0.2%, which is 10 times lower than the value targeted by the ECB. In Q1 2016 we allow for a reduction in the Eurozone's key deposit rate by 10-15 bps.
EURUSD: consolidation before the ECB meeting
ليست هناك تعليقات:
إرسال تعليق