Sell on a level breakthrough of 1.1143 with 1.1057 target. Stop loss = 1.1200.
Reason for the trading strategy
The US GDP increased by 1.4% (q/q) in Q4 2015. The final indicator estimate turned out to be better than the first and the second ones (0.7% and 1%, respectively) and exceeded the market participants' expectations (1%). The statistics has strengthened the likelihood of the base interest rate raising in the US this year, but it is still premature to expect it to increase in April because of the preservation of low inflation expectations in the US.