Sell on a level breakthrough of 1.1157 with 1.1057 target. Stop loss = 1.1217.
Reason for the trading strategy
In addition to the geopolitical risks, the euro is also pressured by the macroeconomic statistics. It became known today that the Gfk preliminary consumer confidence index in Germany, which is calculated for the next month, fell from 9.5 p. to 9.4 p. In addition, the import price index in Germany fell by 0.6% (m/m) in February, instead of 0.3% (m/m), as expected.