Sell on a level breakthrough of 1.5265 with 1.5174 target. Stop loss = 1.5315.
Reason for the trading strategy
The business activity index in the UK services sector for August will be published today. Despite the expected growth in the index from 57.4 p. to 57.6 p., buying the pound on a declining market seems risky. During today's speech given by M.Draghi, the dollar's strengthening against the EU currencies is likely to intensify.
Reason for the trading strategy
The business activity index in the UK services sector for August will be published today. Despite the expected growth in the index from 57.4 p. to 57.6 p., buying the pound on a declining market seems risky. During today's speech given by M.Draghi, the dollar's strengthening against the EU currencies is likely to intensify.
