Buy on a level breakthrough of 122.60 with 123.30 target. Stop loss = 122.10.
Reason for the trading strategy
In April, the volume of industrial production in Germany grew by 0.8% (m/m). The figure for March was revised upwards, from -1.3% (m/m) to -1.1% (m/m). An improvement in the health of the Eurozone's largest economy supports the demand for the euro cross rates. Today, it is worth paying attention to the publication of the Eurozone's GDP.