Sell on a level breakthrough of 1.5635 with 1.5568 target. Stop loss = 1.5685.
Reason for the trading strategy
The UK's retail sales increased by 0.1% (m/m) in February, with a forecast of 0.4% (m/m). The data reflect an insufficiently strong growth in consumer spending in the country, which form a substantial part of the UK's GDP. The statistics puts pressure on the pound.