In the short term, the euro may test the 1.1358 level

February 25, 2015

Buy on a level breakthrough of 1.1358 with 1.1448 target. Stop loss = 1.1300.
Reason for the trading strategy
Yesterday, the euro zone finance ministers approved the 4 month extension of aid to Greece, as they were satisfied with the list of reforms to be undertaken in this country. In particular, an increase in the income tax rate in Greece, consolidation and optimization of pension policy and other reforms are expected. After this information was released, the yield on 10-year Greek bonds declined from about 9.5% to 8.8%.


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