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EURUSD: under pressure after publication of the US GDP for Q2 2015

Sell on a level breakthrough of 1.1201 with 1.1100 target. Stop loss = 1.1260.

Reason for the trading strategy

The EUR/USD currency pair remains under pressure after the publication of excellent macroeconomic statistics on the US for Q2 2015. The US GDP for this period has been revised from 2.3% to 3.7% with a forecast of 3.2%. In particular, growth in consumer spending in Q2 2015 amounted to 3.1%, with a forecast of 2.9%.




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