Sell on a level breakthrough of 1.4360 with 1.4283 target. Stop loss = 1.4410.
Reason for the trading strategy
According to the UK Minister of Finance George Osborne, the UK's budget for 2016-2020 can be reduced more than expected. A number of tough decisions may be introduced into it because of the instability in the global economy (caused by growth slowdown in China), falling oil prices and an instability in the Middle East.