Sell on a level breakthrough of 1.1250 with 1.1150 target. Stop loss = 1.1300.
Reason for the trading strategy
Yesterday, the ECB kept unchanged the key interest rates in the Eurozone and the volume of the asset purchases program. Ultimately the regulator's action had a neutral impact on the euro. M.Draghi, the President of the ECB, noted that inflation in the Eurozone may enter the negative territory in the coming months again, but in the second half of the year the prices will start to rise. The ECB expects the financial markets to remain volatile due to the upcoming referendum in the UK. M.Draghi believes that the UK's membership in the European Union is beneficial for both sides.
Reason for the trading strategy
Yesterday, the ECB kept unchanged the key interest rates in the Eurozone and the volume of the asset purchases program. Ultimately the regulator's action had a neutral impact on the euro. M.Draghi, the President of the ECB, noted that inflation in the Eurozone may enter the negative territory in the coming months again, but in the second half of the year the prices will start to rise. The ECB expects the financial markets to remain volatile due to the upcoming referendum in the UK. M.Draghi believes that the UK's membership in the European Union is beneficial for both sides.
Exness - EURUSD: consolidation above the level of 1.125
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