Sell on a level breakthrough of 1.3694 with 1.3620 target. Stop loss = 1.3750.
Reason for the trading strategy
According to Baker Hughes, last week, the total number of active drilling rigs in the United States declined from 737 to 709, and the number of oil installations declined from 545 to 524. We believe that oil production in the US will decrease, and the prices for it will grow in the coming weeks.