Buy on a level breakthrough of 1.0656 with 1.0707 target. Stop loss = 1.0606.
Reason for the trading strategy
In Q3 2015, Germany's GDP increased by 0.3% (q/q) and by 1.8% (y/y), as expected. An improvement of the macroeconomic statistics in the Eurozone's largest economy reduces the likelihood of future expansion of the asset purchases program in the Eurozone.