Sell on a level breakthrough of 122.25 with 121.50 target. Stop loss = 122.75.
Reason for the trading strategy
Despite the harsh rhetoric of J. Yellen, who sees the risks for the US economy if the federal funds rate remains at a low level for a long time, the decision to increase it in the current month will depend on the coming macroeconomic statistics for the US. The decline of business activity index in the US manufacturing and non-manufacturing sectors to 48.6 p. and 55.9 p. respectively in November acts in favor of keeping the interest rate steady.