Sell on a level breakthrough of 1.5251 with 1.5107 target. Stop loss = 1.5310.
Reason for the trading strategy
In September, the UK consumer price index dropped from 0 to -0.1% in annualized terms. This year, inflation was below zero only in April. Reduced inflationary pressures suggest that the cycle of monetary tightening in the country will be postponed to a later time.
February 22, 2017 Crude oil look set to resume bullish trend
Oil prices have been coiling for several weeks now with both contracts spending most of their time in a tight four dollar range...
February 22, 2017 Investors are questioning the stability of EU, should you?
The US radiant future under the Trumpnomics remains a hot topic for speculation, propelling the greenbacks demand. More and more investors are trying to hop on the Dollars gravy train, as caution is lowered...
February 22, 2017 Brent remained strongly bid
Sustained break above the 57.50 region is seen as minimum requirement needed to confirm bullish resumption. Once we break above the 57.50 hurdle, we think that the 58.50 level will be next. Meanwhile, we do not exclude a minor correction towards 56.50 dollars per barrel...
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