Sell on a level breakthrough of 1.2862 with 1.2800 target. Stop loss = 1.2912.
Reason for the trading strategy
According to Baker Hughes, the number of active oil rigs in the US increased by 11 units to 341 units for the last week. Meanwhile, due to their reduction in the previous period, extraction of shale oil in the US is declining. In the autumn, the situation may change, and the oil prices will go down again. Today, attention should be paid to the publication of business activity index in Canada's construction sector.