March 28, 2019 08:20: Euro-yen / Euro-dollar strategy [From Mr. Teruaki Emori’s newsletter]
From the investment newsletter "Tetsu Emori’s Real Trading Strategy" by Tetsu Emori provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategies for euro-yen and euro-dollar.
We will maintain a short position on EUR/JPY. The long-term trend is 125.65 yen.
We will maintain a short position on EUR/USD. The long-term trend is 1.1425 dollars.
"Tetsu Emori’s Real Trading Strategy" (Tetsu Emori)quoted.
According to Emori, the euro-dollar is being pressured higher due to the ECB president’s remark that he is prepared to delay rate hikes if necessary. There were reports that NZ is adopting a dovish stance, but it seems necessary to monitor the policy trends of each country’s interest rates. (Editorial Department)