Buy on a level breakthrough of 1.0984 with 1.1059 target. Stop loss = 1.0934.
Reason for the trading strategy
Over the last month, the yield on 10-year US bonds rose by 3 bps, and German ones similar in terms of time rose by 18 bps. After the ECB declared its intention to extend the asset purchases program in the Eurozone to March 2017 and the US Federal Reserve's decision to increase the interest rate by 25 bps in December, there was an increase the EUR/USD pair against the background of the investors' profit taking.
Reason for the trading strategy
Over the last month, the yield on 10-year US bonds rose by 3 bps, and German ones similar in terms of time rose by 18 bps. After the ECB declared its intention to extend the asset purchases program in the Eurozone to March 2017 and the US Federal Reserve's decision to increase the interest rate by 25 bps in December, there was an increase the EUR/USD pair against the background of the investors' profit taking.
Investors take profits pushing the euro upwards
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