Buy on a level breakthrough of 1.1391 with 1.1448 target. Stop loss = 1.1341.
Reason for the trading strategy
The estimate of the Eurozone's GDP for Q1 2016 was revised upwards from 0.5% (q/q) to 0.6% (q/q). In annual terms, the growth rate totaled 1.7%, with a forecast of 1.5%. No significant macroeconomic statistics for the Eurozone and the US are expected to be published today. In the short term, the euro may enter the range of 1.1391-1.1448.