Forex Market and EUR/USD

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Source : Exness Forex Broker 

Buy on a level breakthrough of 1.1288 with 1.1383 target. Stop loss = 1.1238.

Reason for the trading strategy

The euro continues to stay at the level of 1.13 in spite of a possible introduction of capital control by the Greek authorities in case of Greek default. Yanis Varoufakis, Greek Finance Minister, said that he had has no plans to submit new reform proposals at the Eurogroup meeting on June 18. According to him, a group of Greek negotiators may “at any moment” come to an integrated solution with their partners.

EUR/USD Chart

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