Sell on a level breakthrough of 1.0565 with 1.0500 target. Stop loss = 1.0615.
Reason for the trading strategy
As the risk of escalation of the military conflict between Turkey and Russia are coming to naught, investors once again have turned their attention to the macroeconomic statistics. In this regard it should be noted that the likelihood of an increase in the US key interest rates rose in December after a revision of the US GDP growth from 1.5% to 2.1% for Q3 2015 and the publication of strong data on durable goods orders in the United States.
EURUSD, H4
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Reason for the trading strategy
As the risk of escalation of the military conflict between Turkey and Russia are coming to naught, investors once again have turned their attention to the macroeconomic statistics. In this regard it should be noted that the likelihood of an increase in the US key interest rates rose in December after a revision of the US GDP growth from 1.5% to 2.1% for Q3 2015 and the publication of strong data on durable goods orders in the United States.
EURUSD, H4
Read more
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