Buy on a level breakthrough of 1.0774 with 1.0833 target. Stop loss = 1.0724.
Reason for the trading strategy
According to the final estimates, in October, inflation in Germany and France grew by 0% (m/m) and by 0.1% (m/m) respectively. In annual terms, the growth rate was 0.3% and 0.1% respectively. Inflationary pressures in the Eurozone's major economies is higher than the Eurozone's average. We would remind you that the preliminary consumer prices index in the Eurozone amounted to 0% (y/y) in October. The statistics still allow the ECB to delay the expansion of the quantitative easing program.