EURUSD
April 6, 2016, 10:22
Sell on a level breakthrough of 1.1334 with 1.1283 target. Stop loss = 1.1384.
Reason for the trading strategy
The volume of industrial production in Germany fell by 0.5% (m/m) in February. The news reflects a contraction of the real sector of Europe largest economy and puts pressure on the euro. At a breakthrough of the range of 1.1334-1.1420, opening short positions in the USDCHF pair is worth considering.
April 6, 2016, 10:22
Sell on a level breakthrough of 1.1334 with 1.1283 target. Stop loss = 1.1384.
Reason for the trading strategy
The volume of industrial production in Germany fell by 0.5% (m/m) in February. The news reflects a contraction of the real sector of Europe largest economy and puts pressure on the euro. At a breakthrough of the range of 1.1334-1.1420, opening short positions in the USDCHF pair is worth considering.
EURUSD: under pressure against the background of a lower volume of industrial product
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