Sell on a level breakthrough of 1.0565 with 1.0500 target. Stop loss = 1.0615.
Reason for the trading strategy
In October, Germany’s retail sales fell by 0.4% (m/m). In annual terms, the growth rate has slowed down from 3.5% to 2.1%. The statistics indicates a decrease in the consumer activity of German households and is putting pressure on the euro.
EURUSD, H4
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Reason for the trading strategy
In October, Germany’s retail sales fell by 0.4% (m/m). In annual terms, the growth rate has slowed down from 3.5% to 2.1%. The statistics indicates a decrease in the consumer activity of German households and is putting pressure on the euro.
EURUSD, H4
Read More
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