Sell on a level breakthrough of 1.1179 with 1.1100 target. Stop loss = 1.1230.
Reason for the trading strategy
According to Jeffrey Lacker, Richmond Federal Reserve Bank President, the UK's possible exit from the EU is unlikely to be sufficient grounds to influence the US Federal Reserve's intentions. We believe, when making the decision the US regulator will pay less attention to the external factors and more to the domestic ones - to the labor and inflation data in the US for May. In May, the annual rate of consumer price inflation in the US will accelerate due to the growth of the US economic activity in the US and an increase in the oil prices to higher levels than those in April.
Reason for the trading strategy
According to Jeffrey Lacker, Richmond Federal Reserve Bank President, the UK's possible exit from the EU is unlikely to be sufficient grounds to influence the US Federal Reserve's intentions. We believe, when making the decision the US regulator will pay less attention to the external factors and more to the domestic ones - to the labor and inflation data in the US for May. In May, the annual rate of consumer price inflation in the US will accelerate due to the growth of the US economic activity in the US and an increase in the oil prices to higher levels than those in April.
Exness - EURUSD: adjustment from the support level of 1.1179
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