Buy on a level breakthrough of 1.1290 with 1.1466 target. Stop loss = 1.1240.
Reason for the trading strategy
The meeting between Jean-Claude Juncker, the Head of the European Commission, and Alexis Tsipras, the Prime Minister of Greece, dedicated to the settlement of the Greek public debt ended in Brussels. According to A.Tsipras, an agreement (in Greek terms) will be reached soon. The euro wins back the news, testing a new high. Yesterday's increase in the ECB's 2015 inflation forecast from 0 to 0.3% per annum spurred a yield on German 10-year bonds from 0.7% to 0.9%, providing additional support for the euro.
February 21, 2017 XAU/USD pair maintained a bullish tone
Gold weakened on Monday amid a light market as American stocks were closed due to the President's day celebration. Market players wait for further hints regarding Fed’s rate hike timing...
February 21, 2017 Oil is heading in the right direction
Despite the assurance about the soft Brexit from the British Prime Minister the in consideration of the bill has been proving opposite, and the suppressing growth attempts of the British currency...
February 21, 2017 Greenback higher, but no incentives for big moves
After a muted trading session on Monday due to the U.S. holiday, the USD is finally showing signs of strength in early Asian trade as investors await economic data, speeches from several Fed Presidents, and minutes of the latest FOMC meeting.
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