29.07.2014 7:07 EURUSD
EURUSD: pressure against the background of possible sanctions against major Russian companies
Sell on a level breakthrough of 1.3400 with 1.3300 target. Stop loss = 1.3475.
Reason for the trading strategy.
This week, the EU plans to extend sanctions against major Russian companies (Sberbank, VTB and others). Taking the close connection between the Russian and European economies into account, the introduction of sanctions will reduce the GDP growth rates of the Russian Federation and the EU, putting pressure on the ruble and the euro.
EURUSD, H4
EURUSD: pressure against the background of possible sanctions against major Russian companies
Sell on a level breakthrough of 1.3400 with 1.3300 target. Stop loss = 1.3475.
Reason for the trading strategy.
This week, the EU plans to extend sanctions against major Russian companies (Sberbank, VTB and others). Taking the close connection between the Russian and European economies into account, the introduction of sanctions will reduce the GDP growth rates of the Russian Federation and the EU, putting pressure on the ruble and the euro.
EURUSD, H4
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