Buy on a level breakthrough of 1.1219 with 1.1343 target. Stop loss = 1.1150.
Reason for the trading strategy
The base personal consumption expenditures index (the PCE) increased by 0.1% (m/m) and 1.7% (y/y) in the United States in February, with the forecast of 0.2% (m/m) and 1.8 % (y/y) growth. The inflationary pressure in the United States is less than 2% (y/y). This factor can not allow the US Federal Reserve to increase the federal funds rate in April.