Sell on a level breakthrough of 1.0869 with 1.0802 target. Stop loss = 1.0920.
Reason for the trading strategy
In December, the Conference Board consumer confidence index in the US rose from 90.4 p. to 96.5 p., with a forecast of 93.9 p. The statistics, which turned out to be better than expected, provided support for the world's reserve currency. Against the background of a sharp decline in liquidity, market participants might try to push the euro to the levels of 1.0869 and 1.0802.
Reason for the trading strategy
In December, the Conference Board consumer confidence index in the US rose from 90.4 p. to 96.5 p., with a forecast of 93.9 p. The statistics, which turned out to be better than expected, provided support for the world's reserve currency. Against the background of a sharp decline in liquidity, market participants might try to push the euro to the levels of 1.0869 and 1.0802.
EURUSD under pressure against background of an improved US macroeconomic statistics
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