August 21, 2018 08:21: Euro-dollar and Euro-pound trading strategy [From Mr. Tetsu Emori's newsletter]
From the real-time trading strategy newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's edition. This time, please take a look at the trading strategies for the euro/dollar and euro/pound that have been on an uptrend since August 15.
We will maintain a long position on EUR/USD. We will keep it as long as 1.1425 dollars is not breached. The long-term trend is 1.1660 dollars. The fair value is 1.1565 dollars, and the current level is slightly undervalued.
EUR/GBP (a new pair) will also be kept long. We will stay long as long as it is supported at 0.8960. The long-term trend is at 0.8555. As long as this is maintained, being long is advantageous.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori) quoted.
Both EUR/USD and EUR/GBP are expected to stay long. Watch how high they rise. (Editorial staff)
EUR/USD, 1-hour chart.
