Buy on a level breakthrough of 1.1450 with 1.1500 target. Stop loss = 1.1400.
Reason for the trading strategy
Since yesterday, the exchange rate of the euro has not changed against the dollar in principle. The market lives on expectations that the US Federal Reserve may permanently suspend the cycle of interest rate rise, which began in December 2015, due to the risk of a recession in the United States. At the moment, this kind of risk is estimated to be low - up to 20%, but a slowdown in the economic growth in the developing countries, especially in China, could lead to dire consequences for the US economy.
Reason for the trading strategy
Since yesterday, the exchange rate of the euro has not changed against the dollar in principle. The market lives on expectations that the US Federal Reserve may permanently suspend the cycle of interest rate rise, which began in December 2015, due to the risk of a recession in the United States. At the moment, this kind of risk is estimated to be low - up to 20%, but a slowdown in the economic growth in the developing countries, especially in China, could lead to dire consequences for the US economy.
The EURUSD pair discounts the threat of a contraction in the US economy
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