Daily Market Analysis by Exness - EUR/USD

30.07.2014 7:07 EURUSD
EURUSD: under pressure against the background of the EU’s third round of sanctions against Russia

Sell on a level breakthrough of 1.3399 with 1.3300 target. Stop loss = 1.3475.

Reason for the trading strategy.

Yesterday, the EU imposed sanctions against the financial, oil and defense sectors of the Russian economy. The EU estimates losses from sanctions for Europe at 40 billion euros (0.3% of EU GDP) this year, and at 50 billion euros (0.4% of EU GDP) in 2015 against the background of possible retaliation measures from the Russian Federation.

EURUSD, H4

Good Analysis mate. EU under pressure and hope this will further drop over coming days.

31.07.2014 9:09 EURUSD
EURUSD: consolidation before the publication of inflation and unemployment data in the eurozone
Sell on a level breakthrough of 1.3400 with 1.3300 target. Stop loss = 1.3475.
Reason for the trading strategy.
Today at 9.00 GMT, data on inflation and unemployment in the eurozone will be published. After the introduction of EU sanctions against Russia until November 2014, we expect a deterioration of macroeconomic indicators in the European region (rising unemployment, lower inflation and GDP) in the next 3 months. Therefore, the ECB, as a hostage to the geopolitical conflict in Europe, is likely to launch LTRO and QE programs this autumn.

EURUSD, H4