Buy on a level breakthrough of 1.0860 with 1.0921 target. Stop loss = 1.0810.
Reason for the trading strategy
Yesterday, the euro came close to the level of 1.0777 after the publication of the Ifo business climate index in Germany, which fell form 108.6 p. to 107.3 p in January. Today, against the background of a renewed decline in oil prices and collapse of the Asian stock indexes, the demand for euro has risen.
Reason for the trading strategy
Yesterday, the euro came close to the level of 1.0777 after the publication of the Ifo business climate index in Germany, which fell form 108.6 p. to 107.3 p in January. Today, against the background of a renewed decline in oil prices and collapse of the Asian stock indexes, the demand for euro has risen.
EURUSD: consolidation below the level of 1.0860
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