Sell on a level breakthrough of 134.57 with 133.87 target. Stop loss = 135.07.
Reason for the trading strategy
In May, the volume of industrial production in Germany was unchanged in monthly terms. However, the April data was revised downwards from 0.9% (m/m) to 0.6% (m/m). The weak macroeconomic data on Germany and the Greek debt problems have put pressure on the euro cross rates.