Sell on a level breakthrough of 1.0843 with 1.0750 target. Stop loss = 1.0900.
Reason for the trading strategy
In September, the volume of industrial orders in Germany decreased by 1.7% (m/m). A worsening economic situation in the Eurozone's largest economy will put pressure on the euro. M.Dragi's comments, made yesterday about the readiness of the ECB for a further easing of the monetary policy to combat low inflation in the Eurozone, were conducive to sales of the euro.