October 12, 2018 08:27: Euro-dollar trade strategy [From Mr. Teppei Emori's newsletter]
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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 release. This time, please take a look at the euro/dollar trading strategy after making a new weekly high for the first time in a week.
We will stay long on EURUSD. It seems to become quite strong once it exceeds $1.1590 and $1.1620. The fair value is around $1.1540. The long-term trend is $1.1655, but it has fallen below this level.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori).
The broad decline in U.S. stocks is turning the currency market toward dollar weakness. We will be watching to see whether stock prices stabilize over the weekend. (Editorial staff)
EURUSD, 1-hour chart.
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