Buy on a level breakthrough of 1.1067 with 1.1140 target. Stop loss = 1.1017.
Reason for the trading strategy
The insufficiently high growth rate of the annual inflation in the Eurozone (0.3% in January, as opposed to the forecast of 0.4%), provide fertile ground for the expansion of the quantitative easing program in the region in March. Meanwhile, the weak US dollar could allow the euro to adjust to the level of $1.114, before it declines in March.
Reason for the trading strategy
The insufficiently high growth rate of the annual inflation in the Eurozone (0.3% in January, as opposed to the forecast of 0.4%), provide fertile ground for the expansion of the quantitative easing program in the region in March. Meanwhile, the weak US dollar could allow the euro to adjust to the level of $1.114, before it declines in March.
EURUSD: consolidation below the resistance level of 1.1067
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