Buy on a level breakthrough of 1.1115 with 1.1205 target.
Stop loss = 1.1050.
Reason for the trading strategy
The euro is rising despite a likely decline in the industrial production by 0.1% (m/m) in June. Market participants are buying it, hoping for Greece to receive a loan soon.
EURUSD, H4
Stop loss = 1.1050.
Reason for the trading strategy
The euro is rising despite a likely decline in the industrial production by 0.1% (m/m) in June. Market participants are buying it, hoping for Greece to receive a loan soon.
EURUSD, H4