Buy on a level breakthrough of 1.1343 with 1.1494 target. Stop loss = 1.1290.
Reason for the trading strategy
Yesterday, J.Yellen, the head of the US Federal Reserve, giving speech in the Economic Club of New York, said that the regulator's decision to keep the interest rate in the range of 0.25-0.5% made in March was justified, and the US Federal Reserve will continue to proceed with caution, because the risks in the world economy persist. The US Federal Reserve predicts that the core inflation will approach the level of 2% per annum only by 2017-2018. The US regulator is wary of a possible slowdown in the global economy, and a reduction in the corporate profits and commodity prices.