Sell on a level breakthrough of 1.0971 with 1.0911 target. Stop loss = 1.1021.
Reason for the trading strategy
Angela Merkel, Germany's Chancellor, said that the impact of the UK exit from the EU is not yet possible to predict, and the country leaving the EU will not be able to maintain the privileges of the EU membership after it rejects its obligations to them. In the second half of the year, the UK economy is likely to slip into recession, which would have a negative impact on the growth of the EU economies.
Reason for the trading strategy
Angela Merkel, Germany's Chancellor, said that the impact of the UK exit from the EU is not yet possible to predict, and the country leaving the EU will not be able to maintain the privileges of the EU membership after it rejects its obligations to them. In the second half of the year, the UK economy is likely to slip into recession, which would have a negative impact on the growth of the EU economies.
Exness - EURUSD: consolidation above the level of 1.0971
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