Sell on a level breakthrough of 1.1023 with 1.0970 target. Stop loss = 1.1073.
Reason for the trading strategy
On July 8 positive statistics on the US labor market was published, which increased the probability of raising the federal funds rate from 15% to 24%. In June, not only did the US unemployment rate grow (from 4.7% to 4.9%), but so did the number of new jobs in the non-agricultural sectors of the economy (by 287 thousand with a forecast of 175 thousand.). Against the background of strengthening dollar, the euro exchange rate may fall to the level of $1.097.
Reason for the trading strategy
On July 8 positive statistics on the US labor market was published, which increased the probability of raising the federal funds rate from 15% to 24%. In June, not only did the US unemployment rate grow (from 4.7% to 4.9%), but so did the number of new jobs in the non-agricultural sectors of the economy (by 287 thousand with a forecast of 175 thousand.). Against the background of strengthening dollar, the euro exchange rate may fall to the level of $1.097.
Exness - EURUSD: under pressure against the background of strengthening dollar
