EURUSD: under pressure before the publication of the US PPI

March 13, 2015

Sell on a level breakthrough of 1.0557 with 1.0495 target. Stop loss = 1.0610.

Reason for the trading strategy
Today, the publication of the US PPI may put pressure on the euro. In February, the index is expected to rise by 0.2% (m/m). The increase in inflationary pressures can accelerate the process of tightening of monetary policy in the US. In the short term, the euro is likely to re-test the yearly low of 1.0495.

EURUSD, H1

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