Buy on a level breakthrough of 1.1340 with 1.1450 target. Stop loss = 1.1290.
Reason for the trading strategy
A negative US macroeconomic statistics were published last Friday, which reduced the likelihood of key interest rate raising in this country. In March, the volume of industrial production in the US fell by 0.6% (m/m), with a forecast of a 0.1% (m/m) decline. In addition, the University of Michigan preliminary consumer confidence index in the US declined from 91 p. to 89.7 p. in April.
Reason for the trading strategy
A negative US macroeconomic statistics were published last Friday, which reduced the likelihood of key interest rate raising in this country. In March, the volume of industrial production in the US fell by 0.6% (m/m), with a forecast of a 0.1% (m/m) decline. In addition, the University of Michigan preliminary consumer confidence index in the US declined from 91 p. to 89.7 p. in April.
EURUSD: growth against the background of a weakening dollar
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