The deflation in the euro zone pushes the euro to the $ 1.11 level.

October 1, 2015

Sell on a level breakthrough of 1.1100 with 1.1015 target. Stop loss = 1.1150.

Reason for the trading strategy

Yesterday's rise in the European stock markets and the euro's decline reflects expectations of future expansion of the ECB asset purchases program in September against the background of increasing deflationary processes in the euro zone. Last month, inflation in the euro zone was minus 0.1% (y/y).

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