Sell on a level breakthrough of 1.0777 with 1.0710 target. Stop loss = 1.0827.
Reason for the trading strategy
Yesterday, the ECB kept its benchmark interest rates on loans and deposits unchanged in the Eurozone, at 0.05% and -0.3% respectively. The words of M. Draghi's , who said about a possible revaluation of the Eurozone's monetary policy at the next meeting, put pressure on the euro. The head of the ECB raised concerns about the decline in the oil prices and the increased uncertainty about the prospects for emerging markets.
Reason for the trading strategy
Yesterday, the ECB kept its benchmark interest rates on loans and deposits unchanged in the Eurozone, at 0.05% and -0.3% respectively. The words of M. Draghi's , who said about a possible revaluation of the Eurozone's monetary policy at the next meeting, put pressure on the euro. The head of the ECB raised concerns about the decline in the oil prices and the increased uncertainty about the prospects for emerging markets.
EURUSD In March, the ECB may ease its monetary policy
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