Buy on a level breakthrough of 1.1050 with 1.1140 target. Stop loss = 1.1000.
Reason for the trading strategy
The weak US macroeconomic statistics, published yesterday, reduced the probability of the US federal funds rate increase in March. The preliminary business activity index in the US declined from 53.7 p. to 49.8 p. in February, while new homes sales fell in January form 544 thousand to 494 thousand in annual terms.