Sell on a level breakthrough of 1.1070 with 1.0990 target. Stop loss = 1.1120.
Reason for the trading strategy
In January, Germany's producer price index decreased by 0.7% (m/m), with a forecast of 0.3% (m/m) decline. In the conditions of reducing prices of goods, German consumers will postpone their purchases to a later time. These news is negative for the euro.