The euro is getting closer to the 2015 lows

April 15, 2015

Buy on a level breakthrough of 1.0680 with 1.0740 target. Stop loss = 1.0620.

Reason for the trading strategy
The strong data on industrial production in the euro zone and the weak retail sales in the US have allowed the euro to rebound from the 2015 lows. In addition, yesterday, the IMF raised its forecast for GDP growth in the euro zone for 2015 by 0.3 percentage points to 1.5% due to the fall of the euro against the US dollar. The rise in the yield of 10-year Greek government bonds to 11.95% causes concern among the buyers of the euro.


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