Sell on a level breakthrough of 123.45 with 122.45 target. Stop loss = 124.00.
Reason for the trading strategy
The final estimate of the consumer price index in the Eurozone will be known today. In January, the index is likely to amount to 0.4% (y/y). The ECB, targeted the annual inflation at the rate of 2% in March, may expand the monetary stimulus measures.