Sell on a level breakthrough of 1.1282 with 1.1217 target. Stop loss = 1.1350.
Reason for the trading strategy
The Eurozone's GDP increased by 0.5% (q/q) in Q1 2016, with a forecast of 0.6% (q/q). In April the US retail sales increased by 1.3% (m/m), with a forecast of 0.8% (m/m). The statistics indicate an insufficiently high aggregate demand in the European region and an expansion of consumer spending of US households.
Reason for the trading strategy
The Eurozone's GDP increased by 0.5% (q/q) in Q1 2016, with a forecast of 0.6% (q/q). In April the US retail sales increased by 1.3% (m/m), with a forecast of 0.8% (m/m). The statistics indicate an insufficiently high aggregate demand in the European region and an expansion of consumer spending of US households.
Exness - EURUSD: consolidation above the level of $1.1282
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