Buy on a level breakthrough of 1.0095 with 1.0145 target. Stop loss = 1.0045.
Reason for the trading strategy
This week, the talk about the US economy, which may not withstand 4 increases (25 bps each) in the federal funds rate in 2016, has become more frequent. This was stated by Lawrence Summers, the former US Treasury Secretary, who even allows the QE4 program to be launched in the next 2 years. We do not share such concerns in relation to the world's largest economy and believe that the cycle of raising the US key interest rates will continue. The best cure for the formation of financial "bubbles" is a rate hike in the United States (and in the EU in 2017).