Sell on a level breakthrough of 112.20 with 110.66 target. Stop loss = 112.70.
Reason for the trading strategy
Yesterday, the head of the US Federal Reserve stated that "if the economic growth falters or if the inflation remains low, lowering the interest rate to zero could provide a modest additional stimulus." The implementation of more negative scenarios for the US economy may force the regulator to resort to the Qe4 - Quantitative easing program.