Sell on a level breakthrough of 135.90 with 134.90 target. Stop loss = 136.40.
Reason for the trading strategy
In July, the unemployment rate in Germany was 6.4%, as expected. However, in July, the number of unemployed in Germany increased by 9 thousand, and the June value was revised upwards from -1 thousand to 1 thousand. The data are moderately negative for the euro cross rates.