August 28, 2018 08:24: Euro dollar trade strategy [from Mr. Satoshi 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 dispatch. This time, please take a look at the euro/dollar trading strategy that is looking to reach around 1.17 dollars.

We remain long on the euro/dollar and it has continued to move higher. We will maintain the position until we break below 1.1622. The short-term target is 1.1780. The long-term trend is 1.1660. The fair value is 1.1565. The current level can be said to be within these ranges.

From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quotes.

Mr. Emori believes that the Fed's steady pace of rate hikes, and the delays in rate hikes by the ECB and the Bank of Japan, will eventually lead to currency appreciation. It is important to understand that euro strength and yen strength carry risks. (Editorial Department)

Euro/dollar, 1-hour chart.

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