Sell on a level breakthrough of 1.1097 with 1.1000 target. Stop loss = 1.1150.
Reason for the trading strategy
Last Friday Janet Yellen, the head of the US Federal Reserve, said that the US key interest rates could be raised "in the coming months." Indirectly, this indicates the growth of yield (by 9-13 bps) in the US short term government bonds (from 3 months to 2 years) in the last month. In addition, the strengthening health of the US economy in Q2 2016 and the revaluation of the US GDP growth in Q1 2016 from 0.5% (q/q) and 0.8% (q/q) proves to be in favor of this development.
Reason for the trading strategy
Last Friday Janet Yellen, the head of the US Federal Reserve, said that the US key interest rates could be raised "in the coming months." Indirectly, this indicates the growth of yield (by 9-13 bps) in the US short term government bonds (from 3 months to 2 years) in the last month. In addition, the strengthening health of the US economy in Q2 2016 and the revaluation of the US GDP growth in Q1 2016 from 0.5% (q/q) and 0.8% (q/q) proves to be in favor of this development.
Exness - EURUSD: adjustment from the level of 1.1097
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