Sell on a level breakthrough of 1.0565 with 1.0500 target. Stop loss = 1.0615.
Reason for the trading strategy
Prior to the ECB's meeting to be held in December, the mood among the European currency buyers remains grim. In the Eurozone, there are low inflationary pressures and the declining consumer activity of European households against the background of low oil prices and an increasing number of terrorist threats in the region. Market participants expect an expansion of the ECB's asset purchases program in December.