Buy on a level breakthrough of 1.1073 with 1.1140 target. Stop loss = 1.1023.
Reason for the trading strategy
Yesterday, the macroeconomic statistics for the Eurozone and the United States allowed the EUR/USD pair to adjust itself upwards from the support level of 1.1. The German Ifo business climate index for October was slightly better than expected, while new home sales in the US declined by 11.5% (m/m) to 468 thousand in September.
Reason for the trading strategy
Yesterday, the macroeconomic statistics for the Eurozone and the United States allowed the EUR/USD pair to adjust itself upwards from the support level of 1.1. The German Ifo business climate index for October was slightly better than expected, while new home sales in the US declined by 11.5% (m/m) to 468 thousand in September.
The euro held the support for $ 1.1
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