Buy on a level breakthrough of 1.1130 with 1.1187 target. Stop loss = 1.1080.
Reason for the trading strategy
The retail sales in Germany rose by 0.9% (m/m) in May, with a forecast of 0.7% (m/m). The value of the index for April was revised upwards, from -0.9% (m/m) to -0.3% (m/m). The statistics indicate an increase in consumer activity of the Eurozone's largest economy. In the short term, the exchange rate of the euro may be adjusted to the level of 1.1187.
Reason for the trading strategy
The retail sales in Germany rose by 0.9% (m/m) in May, with a forecast of 0.7% (m/m). The value of the index for April was revised upwards, from -0.9% (m/m) to -0.3% (m/m). The statistics indicate an increase in consumer activity of the Eurozone's largest economy. In the short term, the exchange rate of the euro may be adjusted to the level of 1.1187.
Exness- EURUSD: growth against the background of growing retail sales in Germany
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