October 02, 2018 08:22: Euro-dollar trade strategy [From Mr. Tetsu Emori's newsletter]

From the investment e-newsletter “Tetsu Emori's Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a brief excerpt from this morning’s distribu- tion. This time, please take a look at the trading strategy for the Euro/US dollar moving in the latter part of the 1.15 dollar range.

We will stay short on EUR/USD. The movement is still weak, but it has become quite oversold. We will buy back above 1.1625. The fair value is at about 1.1565, roughly the same level. The long-term trend is 1.1655, but it is below this level.

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

EUR/USD is being sold due to concerns over Italy’s fiscal deficit. If the country’s fiscal instability and clashes with the European Union intensify, further declines may occur. (Editorial department)

EUR/USD, 1-hour chart.

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