Buy on a level breakthrough of 1.1420 with 1.1494 target. Stop loss = 1.1360.
Reason for the trading strategy
In March, employment indicators outside the agricultural sector and the average hourly wage in the US were better than expected and led to the short positions fixing on the world's reserve currency. Currently, market participants consider the likelihood of base interest rate growth in the US to be close to zero in April, and close to 28% in June.
Reason for the trading strategy
In March, employment indicators outside the agricultural sector and the average hourly wage in the US were better than expected and led to the short positions fixing on the world's reserve currency. Currently, market participants consider the likelihood of base interest rate growth in the US to be close to zero in April, and close to 28% in June.
EURUSD: consolidation below the level of 1.1420
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