October 23, 2018 08:17: Euro Dollar Trade Strategy [From Mr. Teppei Emori's newsletter]

From the real trading strategies newsletter "Tetsu Emori’s Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s distribution. This time, please take a look at the trading strategy for the euro-dollar, which is trading in the mid-$1.14 range.

We will keep the euro-dollar short. We will close positions if it goes above $1.1480. The trend is downward, but it is oversold, so be cautious of a reversal. The fair value is $1.1540. The long-term trend is $1.1655, but it is below this level.

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

The current market is no longer moved by the dollar-yen relationship alone; it is essential to watch movements in euro-dollar and pound-dollar even more closely than dollar-yen, according to Emori. He notes that the euro and the pound remain in weak momentum. (Editorial department)

Euro-dollar, 1-hour chart.

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