September 25, 2018 08:33: Euro-dollar trade strategy [from Mr. Teru Moru's newsletter]

From the real trading strategy newsletter “Tetsu Emori's Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpts from this morning's sent content. This time, please view the trading strategy for the euro-dollar that quickly surged but reversed and retraced.

We will maintain a long position on EUR/USD. However, it has a long upper wick, giving the impression that upside is becoming heavy. We will close if it falls below 1.1740. There is also an important level at 1.1750, but if this cannot be surpassed, it will eventually be sold. 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) quoted.

Yesterday, due to the ECB President Draghi's comments on inflation, EUR/USD briefly rose to as high as 1.1815. However, as of 12:00 today, it has fallen below 1.1740. It is advisable to always monitor statements by influential figures that can have a significant impact on currency markets and prepare for sudden market moves. (Editorial staff)

EUR/USD, 1-hour chart.

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