Sell on a level breakthrough of 1.1097 with 1.1000 target. Stop loss = 1.1150.
Reason for the trading strategy
The euro hardly reacted to the ECB meeting results, as this month, there are other more important factors and catalysts for the single currency, in particular, the US Federal Reserve meeting and a referendum in the UK about its leaving the EU. The ECB decided to keep its base interest rate unchanged at 0%, the deposit rate - at -0.4%, and the margin rate - at around 0.25%. The regulator raised the forecast for inflation in the Eurozone in the current year from 0.1% to 0.2%, and for the GDP - from 1.4% to 1.6%.