EURUSD
Sept. 8, 2015, 09:31
Buy on a level breakthrough of 1.1229 with 1.1331 target. Stop loss = 1.1170.
Reason for the trading strategy
Today's data on China's foreign trade forces investors to sell risky assets. In August, the annual rate of reduction in Chinese imports accelerated from 8.6% to 14.3%. At the moment, the Nikkei 225 is losing 2.43%, and the euro is strengthening as a funding currency.
EURUSD, H4
Sept. 8, 2015, 09:31
Buy on a level breakthrough of 1.1229 with 1.1331 target. Stop loss = 1.1170.
Reason for the trading strategy
Today's data on China's foreign trade forces investors to sell risky assets. In August, the annual rate of reduction in Chinese imports accelerated from 8.6% to 14.3%. At the moment, the Nikkei 225 is losing 2.43%, and the euro is strengthening as a funding currency.
EURUSD, H4
The Chinese macroeconomic statistics pushes the euro up