Sell on a level breakthrough of 1.1087 with 1.1018 target. Stop loss = 1.1140.
Reason for the trading strategy
Yesterday, the ECB decided to change the conditions of the asset purchases program, increasing the limit on bonds purchase for each of the Eurozone member country from 25% to 33%. In addition, the regulator has lowered the forecast for GDP growth and inflation in the Eurozone during 2015-2017, thus increasing the likelihood of the continuation of the asset purchases program after September 2016.
For more information on analytics please follow this link http://ift.tt/1IFlkC8
Reason for the trading strategy
Yesterday, the ECB decided to change the conditions of the asset purchases program, increasing the limit on bonds purchase for each of the Eurozone member country from 25% to 33%. In addition, the regulator has lowered the forecast for GDP growth and inflation in the Eurozone during 2015-2017, thus increasing the likelihood of the continuation of the asset purchases program after September 2016.
For more information on analytics please follow this link http://ift.tt/1IFlkC8
The ECB is ready to continue the QE program after September 2016
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