August 16, 2018 07:38: Euro-Dollartrade Strategy [From Mr. Satoshi Emori's newsletter]

From the real-time trading newsletter “Tetsu Emori’s Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s dispatch. This time, please take a look at the euro/dollar trading strategy that recently hit a one-year low near 1.1301 dollars.

We will maintain a short position on euro/dollar. It will be maintained until it surpasses $1.1370. The long-term trend is $1.1660. The fair value is $1.1565, and the current level is almost the same. If it moves lower from here, the decline could become more pronounced.

Excerpt from “Tetsu Emori’s Real Trading Strategy” (Tetsu Emori).

As of 11:00, euro/dollar is around the $1.1370 area, which serves as the guideline for maintaining the short position. (Editorial staff)

Euro/dollar, 1-hour chart.

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