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.
For more analytics visit Exness Website.
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.
For more analytics visit Exness Website.
EURUSD: under pressure against the background of a decline in retail sales in Germany
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