Sell on a level breakthrough of 1.0869 with 1.0805 target. Stop loss = 1.0920.
Reason for the trading strategy
The balance of payments and the consumer price index of the Eurozone will be published today. If the latter figure is 0.2% (y/y), the probability of the expansion of the ECB monetary stimulus measures will increase. On January 21, market participants do not exclude the possibility of the regulator to reduce the deposit rate by 10-15 bps.