Sell on a level breakthrough of 0.9750 with 0.9660 target. Stop loss = 0.9800.
Reason for the trading strategy
According to the US Federal Reserve, trends in the global economy and financial markets continue to pose certain risks. It is expected that in the short term, inflation will remain at a low level (and, consequently, so will do the rates), partly because of the decline in the energy resources that has already occurred. The forecast for inflation of personal consumption expenditure (PCE) for 2016 has been reduced from 1.6% to 1.2%, inflation will return to 2% as the effect of falling oil prices and imports weakens.