Sell on a level breakthrough of 1.0600 with 1.0500 target. Stop loss = 1.0650.
Reason for the trading strategy
On November 20, the Head of the ECB announced that the regulator is ready to do everything possible to increase inflation in the shortest possible time, if the existing measures of monetary stimulus in the Eurozone are insufficient. Expectations of an expansion of the Eurozone's asset purchases program in December are putting pressure on the euro.