Sell on a level breakthrough of 1.1220 with 1.1130 target. Stop loss = 1.1270.
Reason for the trading strategy
Market participants are ignoring the fact that the US Federal Reserve has recently preserved the base interest rate in the range of 0.25-0.5%, and focus their attention on the upcoming referendum in the UK. Implementation of Brexit can cause the euro to decline below the level of $1.05, and the pound to decline below the level of $1.35.