Sell on a level breakthrough of 1.1250 with 1.1150 target. Stop loss = 1.1300.
Reason for the trading strategy
If the Central Bank decides to expand the quantitative easing program in the Eurozone today, the euro will fall to $1.115. The ECB is not happy with the decline in the annual inflation rate in the Eurozone from 0.2% to 0% since the beginning of this year, and the strengthening of the euro against the dollar by almost 4%.
Reason for the trading strategy
If the Central Bank decides to expand the quantitative easing program in the Eurozone today, the euro will fall to $1.115. The ECB is not happy with the decline in the annual inflation rate in the Eurozone from 0.2% to 0% since the beginning of this year, and the strengthening of the euro against the dollar by almost 4%.
Exness - EURUSD: under pressure before the ECB meeting
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