Sell on a level breakthrough of 1.0781 with 1.0700 target. Stop loss = 1.0831.
Reason for the trading strategy
The 0.1% (m/m) decline in Germany's inflation in December indicates the development of deflationary processes in the euro zone's largest economy. The decline in oil prices to 11-year lows plays an important role in this. Today, attention should be paid to the publication of the Consumer Price Index in the euro zone.