Sell on a level breakthrough of 1.0802 with 1.0750 target. Stop loss = 1.0852.
Reason for the trading strategy
The Eurozone's balance of payments for October will be published today. In the reporting period, the index is expected to rise from 29.4 billion to 32.2 billion euros. The weakness of the euro in 2015 has increased the attractiveness of the European goods and services to international markets. Despite the current adjusting recovery, the risks of the EUR/USD declining to the 1.0750 level remain high.
Reason for the trading strategy
The Eurozone's balance of payments for October will be published today. In the reporting period, the index is expected to rise from 29.4 billion to 32.2 billion euros. The weakness of the euro in 2015 has increased the attractiveness of the European goods and services to international markets. Despite the current adjusting recovery, the risks of the EUR/USD declining to the 1.0750 level remain high.
EURUSD: consolidation higher than the level of 1.0802
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