Buy on a level breakthrough of 0.7526 with 0.7600 target. Stop loss = 0.7470.
Reason for the trading strategy
China's consumer price index rose from 1.8% to 2.3% in February, while the producer price index rose from -5.3% to - 4.9% per annum. The increase in inflationary pressures in the largest Asian economy signals a restoration of business activity in the country and contributes to a growth of the commodity assets. The recovery of oil prices to their multi-year lows plays quite an important role in this process.