Sell on a level breakthrough of 1.1250 with 1.1150 target. Stop loss = 1.1300.
Reason for the trading strategy
The increase in the risk appetite in recent days has led to a decline in the euro, which market participants use as a funding currency (the Eurozone loans can be obtained virtually at zero interest rate). The statistics on industrial production in the Eurozone, which in February decreased by 0.8% (m/m), put additional pressure on the euro.
Reason for the trading strategy
The increase in the risk appetite in recent days has led to a decline in the euro, which market participants use as a funding currency (the Eurozone loans can be obtained virtually at zero interest rate). The statistics on industrial production in the Eurozone, which in February decreased by 0.8% (m/m), put additional pressure on the euro.
The euro has "dropped out" of the 1.1330-1.1450 range
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