Buy on a level breakthrough of 1.0896 with 1.0969 target. Stop loss = 1.0846.
Reason for the trading strategy
Despite the decline in industrial output in the Eurozone by 0.7% (m/m) in December, the euro rose from 1.0805 dollars to 1.0896 dollars. The collapse of the American stock indexes within 2.21-3.41 %, the decline in the Nikkei 225 index by 2.68%, etc., force market participants to curtail the euro carry trade transactions.