Sell on a level breakthrough of 1.1060 with 1.0950 target. Stop loss = 1.1110.
Reason for the trading strategy
Last weekend, the Eurozone finance ministers approved a new assistance program for Greece. The total amount of the program is 86 billion euros, including 25 billion euros for recapitalizing banks. This news made the market participants start selling the euro, taking profit. At the level breakthrough of 1.106, opening short positions in the euro should be considered.
Reason for the trading strategy
Last weekend, the Eurozone finance ministers approved a new assistance program for Greece. The total amount of the program is 86 billion euros, including 25 billion euros for recapitalizing banks. This news made the market participants start selling the euro, taking profit. At the level breakthrough of 1.106, opening short positions in the euro should be considered.
EURUSD: under pressure against the background of profit taking
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