Sell on a level breakthrough of 132.58 with 131.00 target. Stop loss = 133.30.
Reason for the trading strategy
In July, the volume of industrial orders in Germany fell by 1.4% (m/m), with a forecast of -0.5% (m/m). The news, which turned out to be worse than expected, intensified pressure on the euro cross rates. The technical picture in the EUR/JPY pair remains "bearish", as it has broken the lower limit of the range of 133,36-141,00.
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Reason for the trading strategy
In July, the volume of industrial orders in Germany fell by 1.4% (m/m), with a forecast of -0.5% (m/m). The news, which turned out to be worse than expected, intensified pressure on the euro cross rates. The technical picture in the EUR/JPY pair remains "bearish", as it has broken the lower limit of the range of 133,36-141,00.
Find out the best analytics from this link http://ift.tt/1IFlkC8
EURJPY: under pressure against the background of a lower volume of industrial orders
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