Buy on a level breakthrough of 138.12 with 138.83 target. Stop loss = 137.50.
Reason for the trading strategy
The producer price index in Germany was unchanged in July, with a forecast of -0.1% (m/m). The data reflect the stronger-than-expected inflationary pressures in the Eurozone's largest economy and support the euro cross rates.
Reason for the trading strategy
The producer price index in Germany was unchanged in July, with a forecast of -0.1% (m/m). The data reflect the stronger-than-expected inflationary pressures in the Eurozone's largest economy and support the euro cross rates.
