Sell on a level breakthrough of 1.0710 with 1.0650 target. Stop loss = 1.0760.
Reason for the trading strategy
In December 2015, consumer prices increased by 0.2% (y/y) with a forecast of 0.3% (y/y). In November, inflation in the region was also 0.2% (y/y). For more than two years inflation in the euro zone has been maintained lower than the 2% (y/y) level, targeted by the ECB, despite the decrease in the key interest rate to 0.05% and the quantitative easing program.