Sell on a level breakthrough of 135.25 with 134.80 target. Stop loss = 135.70.
Reason for the trading strategy
Reducing the euro against the US dollar triggered a fixation of long positions in the EUR/JPY pair. If M.Draghi announces today about the need to expand the monetary stimulus in the Eurozone, the EUR/JPY pair will fall significantly below the level of 134.8.
Reason for the trading strategy
Reducing the euro against the US dollar triggered a fixation of long positions in the EUR/JPY pair. If M.Draghi announces today about the need to expand the monetary stimulus in the Eurozone, the EUR/JPY pair will fall significantly below the level of 134.8.
EURJPY: under pressure against the background of a falling euro
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