Buy on a level breakthrough of 1.1244 with 1.1300 target. Stop loss = 1.1194.
Reason for the trading strategy
The 1.2% (m/m) decline in industrial production in Germany in December does not put pressure on the euro. Investors focus their attention on the slowdown in the US and Chinese economies in Q4 2015-early 2016, forcing them to curtail the euro carry trade operations.