Buy on a level breakthrough of 1.5553 with 1.5626 target. Stop loss = 1.5503.
Reason for the trading strategy
This afternoon, various inflation indices for the UK will be published. At 9.15 GMT, parliamentary hearings on inflation in the UK will be held. The rising inflation expectations will adjust tightening of the interest rate policy in the country to an earlier time. Now, market participants expect an increase in the UK key interest rates not earlier than Q1 2016.