Buy on a level breakthrough of 1.0255 with 1.0317 target. Stop loss = 1.0205.
Reason for the trading strategy
Yesterday, J. Yellen, the head of the US Federal Reserve, claimed that by maintaining the federal funds rate at the current level for a long time, we provoke unjustified risky investment behavior, thus, jeopardizing financial stability. Many market participants interpreted her statement as a signal to a rapid increase in US key interest rates.