Buy on rebound from 0.6972 level with 0.7123 target. Stop loss = 0.6922.
Reason for the trading strategy
Yesterday, J. Yellen said that the US Federal Reserve's policy will continue to depend on the incoming data, and that "the economic growth may exceed expectations", and inflation may accelerate, in case the oil prices stop falling. Meanwhile, today, the futures on the Federal Reserve's rate signal of virtually zero probability of it increasing in March 2016.