November 21, 2018 08:31: Euro/Yen and Euro/Dollar trade strategy [From Tetsu Emori's newsletter]
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 issue. This time, please take a look at the trading strategies for EUR/JPY and EUR/USD.
EUR/JPY is exiting the long position and opening a new short position. Fair value is 128.80 yen. The long-term trend is 128.40 yen.
EUR/USD remains long. I will close if it falls below 1.1385. Fair value is 1.1315 dollars. The long-term trend is 1.1655 dollars.
“Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori)quoting.
Against a backdrop of political turmoil surrounding the UK's Brexit and Italy's fiscal concerns, the dollar has been bought, and EUR/USD has fallen to the 1.13 dollar area. It seems the dollar is in a buying environment for the time being. (Editorial staff)
EUR/USD, 1-hour chart.