Buy on a level breakthrough of 1.1150 with 1.1250 target. Stop loss = 1.1090.
Reason for the trading strategy
After Athens presented the creditors with a new reform program, the yield on 2-year Greek bonds of Greece dropped from 57.6% to 33.9%. Market participants are hoping that a compromise between the Greek government and its creditors is reached this week, and Greece receives the long-awaited financial assistance.