Sell on a level breakthrough of 1.0915 with 1.0850 target. Stop loss = 1.0965.
Reason for the trading strategy
The euro is adjusting upwards in anticipation of reaching a compromise between the Greek government and its creditors. Leaders of the EU announced that this Sunday, the leaders of all 28 countries will gather at an emergency meeting dedicated to Greece's debt crisis. But by Friday morning, the EU expects to hear new proposals from the Greek. Merkel does not rule out the extension of the deadline on the Greek debt, but she excludes debt relief. From a technical point of view, opening of new short positions on the euro should be considered below 1.0915.