September 12, 2018 08:31: European dollar-trade strategy [From Tetsu Emori's newsletter]
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From the investment newsletter "Tetsuya Emori's Real Trading Strategy" by Tetsuya Emori, provided by GogoJungle, here is a small excerpt from this morning's delivery. This time, please review the trading strategy for EUR/USD that has been holding around the $1.16 level.
We will unwind the short in EUR/USD and go long. If we can maintain around $1.1595, there should be no problem. The fair value is $1.1565. The current level can be said to be within this range.
“Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori) cited.
From a monetary policy perspective, Emori says it is a situation prone to dollar weakness, euro strength, and yen strength. Following the theory that deflationary currencies rise and inflationary currencies fall, it is important to straightforwardly think that the dollar will decline against the euro and the yen. (Editorial staff)
EUR/USD, 1-hour chart.
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