Sell on a level breakthrough of 1.0940 with 1.0825 target. Stop loss = 1.0990.
Reason for the trading strategy
In January, the surplus of Germany's balance of payments totaled 13.2 trillion yen, with a forecast of 17.0 trillion yen. In the reporting period, Germany's exports decreased by 0.5% (m/m), while its imports grew by 1.2% (m/m). The statistics on Germany's foreign trade turned out to be worse than expected, and this puts additional pressure on the euro before the ECB meeting.